NLC calls for total removal of subsidy under one condition

NLC calls for total removal of subsidy under one condition

The President of the Nigeria Labour Congress (NLC), Ayuba Wabba, urged the Federal Government to fix the country’s refineries and stop giving out subsidies in his submission on proposing a solution to the fuel crisis.

In addition, the NLC President argued that private investors should be involved in the construction of refineries; since petroleum imports are dangerous for the nation.

Wabba disclosed these revelations on Wednesday, July 6, 2022. He made this known in a presentation to the House of Representatives’ special committee looking into Nigeria’s daily PMS consumption.

The NLC leader: “We do believe that even if there is subsidy; it cannot be at the level quoted by authorities in the sector. In our document on the oil sector, we have outlined conditions precedent for removing subsidies; if any, including fixing the refineries, creating conditions for private sector participation in the building of refineries; even if they are modular.

“Sadly, we are not aware if any of the terms and conditions we have recommended have been met, several years after. We are nonetheless conscious of the fact that the continuous opaque importation of PMS holds clear and present danger to the country.

“On the other hand, the transparent operation of the importation of PMS has two major advantages. The first advantage is that; knowing the exact volume of PMS the country needs and publicising it will deter further falsification of imports, hopefully.”

Meanwhile, an audit of the COVID-19 grant given to the Federal Government of Nigeria; through the Global Fund, has revealed $19.6m worth of procurements related to COVID-19 were awarded to contractors without financial statements and unregistered businesses, among others.

This was contained in the Fund’s audit report, a copy of which was obtained by our correspondent on Wednesday.

The Global Fund is a partnership designed to accelerate the end of AIDS, tuberculosis and malaria as epidemics. It mobilises and invests more than $4bn a year to support programmes run by local experts in more than 100 countries.

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