World News

Saturday, June 03, 2017

Petrol Hike: NUNPENG Warns Senate Against Fuel Price Increase


The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has criticised the proposed N5 petrol levy by the Senate, describing it as a huge joke.

Alhaji Tokunbo Korodo, the South-West Chairman of NUPENG, said in Lagos on Saturday that the proposal was ill-timed and also smacked of insensitivity to the current economic hardships facing Nigerians.

He wondered how the nation’s Upper Chamber could think of another fuel price increase when Nigerians were “striving to
cope with the current harsh economic realities”.

“How can the Senate propose such a bill at this particular period when poor Nigerians can hardly feed themselves?

“The prices of foodstuffs have tripled in the market, while workers’ salary has not been increased,” Korodo told the News Agency of Nigeria (NAN).

Sen. Kabiru Gaya (APC-Kano), the Chairman, Senate Committee on Works, had on June 1, presented a bill entitled, “National Roads Bill” to the House.

The bill recommends that Nigerians should pay N5 levy on every litre of imported petroleum products and that levy will form part of the proposed national roads fund.

It also recommends the deduction of 0.5 per cent on fares paid by passengers travelling on inter-state roads to commercial mass transit operators as well as the return of toll gates on federal roads, among others.

Korodo said:“Just a year ago, the pump price of petrol was increased from N87 to N145 per litre and Nigerians accepted the increment because of the sincerity of President Muhammadu Buhari’s administration.

“Any attempt to adjust the price of petrol under any guise will be resisted by the Organised Labour.”

The NUPENG chief called on well-meaning Nigerians to prevail on the leadership of the Senate to step down the bill.

Tuesday, May 23, 2017

Kachikwu Promises To Resign If Nigeria Still Imports Fuel In 2019

Minister of state for Petroleum Resources Dr. Ibe Kachikwu said he will quit from the government if he fails to deliver on the promise to end fuel importation in Nigeria by 2019.


Speaking in an interview on BBC World Service programme, HardTalk, on Monday, Kachikwu vowed he would deliver on the refineries and that he was committed to also deliver a future for oil that makes sense for Nigeria.

Asked by the programme anchor when Nigeria was going to be self-sufficient in terms of refining petroleum, the following conversation ensued:

Kachikwu: I have stated it, 2019 is the target.

BBC: You are running out of time because you know that we are near now.

Kachikwu: Don’t worry; I put the date, I will work it.

BBC: And if you don’t achieve it, you will walk (away)?

Kachikwu: Yes! Of course that is the reason why you are in government.

The minister said since he took office one-and-half year ago, he has been able to get the refineries back to begin to produce 7 million litres of petroleum product compared to zero previously.

“I have delivered on everything since I came to office. First, I took NNPC and moved them into a profit making organization first time in history and reshaped the organization. I removed cash call deficit of over $6bn, negotiated it.

Everything that I have promised since coming into office, I have delivered. I will deliver on the refineries and I am committed to that and I will also deliver a future for oil that makes sense for Nigeria,” he said.

[Daily Trust]