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Subsidy Removal: You Can’t Fool Nigerians Again, CNG Tackles NLC



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The Coalition of Northern Groups (CNG) has kicked against what it described as the deceptive move of the Nigeria Labour Congress (NLC) over the removal of fuel subsidy by the federal government.

The spokesperson of the group, Abdul-Azeez Suleiman, in a statement issued Thursday, said it observed that on every occasion, the NLC would deceive the public into believing they are protecting their interests, only to betray the course and negotiate with the government at the expense of the suffering masses.

It said the first instance was the NLC protests over the harsh economic policies of former President Muhammadu Buhari’s government in February 2017 which came to an abrupt end without achieving any results and no convincing explanation to the public.

It said, “Then came the September 2018 strike, which was also terminated after the NLC met with government officials and compromised the effort with no effect.

“The worst scenario was the October 2020 organised labour plan to shut down the entire economy in protest over the increase in the pump price of petrol and a hike in electricity tariff.”

The group noted the strike was called off at the last minute after a meeting between government officials and labour leaders in Abuja.

The group stressed that it took exception to the move by labour at that time, describing it as a huge trade-off and compromise in its strongly worded letter of October 6, 2021, to the former President of NLC, Ayuba Wabba, expressing disappointment in the labour leadership, for deliberately suspending an action meant to check the arbitrary hike in fuel prices by the Buhari administration.

“Now that NLC wants to take the nation for granted once more, we demand that it should first of all explain its whereabouts at the time the budget was prepared, presented, defended by the government of the former president Muhammadu Buhari and passed by the 9th National Assembly without the provision for subsidy,” it said.

According to Abdul Azeez,”We call on the new administration of President Bola Tinubu to handle this obviously dicey situation with utmost wisdom and compassion so that the innocent public is not made victim.

“We call the attention of the Tinubu administration to be vigilant over the latent trap set for it with the subsidy issue by the outgone government aiming to set it on a collision course with the public early in the day.

“We therefore advise government to deploy maximum wisdom, and caution to chart a workable means of dealing with the bad situation deliberately thrown on its laps in such a way that no one gets


FG proposes another hike in petrol pump price





Effective November 13, Nigerians may begin to buy fuel from filling stations at prices between N172 and N175, or higher.

This is because the Petroleum Products Marketing Company (PPMC) has adjusted the ex-depot price of Premium Motor Spirit, also known as petrol, from N147.67 to N155.17.

The PPMC is a subsidiary of the Nigerian National Petroleum Corporation, NNPC, and currently imports almost all of Nigeria’s petrol.

A memo, seen by dated November 11, shows that the new price regime becomes effective on November 13, 2020.

The memo, signed by Ali Tijani of the PPMC, shows that the landing cost average for PMS has increased from N119 in September and October to N123 in November.

Similarly, the ex-coastal selling price for the month has also increased to N130 in November, from N125 in the previous months.

In the same vein, the ex-depot price without collection shot up from N138 in September and October to N142 in November.

The ex-depot price with collection, which ultimately influences pump price, shot up to N155.17.

The ex-depot price is the price at which the product is sold to marketers at the depots.

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PPPRA fixes Petrol price band of N140.80 to N143.80k per litre for July




PPPRA has fixed the pump price band of Premium Motor Spirit (PMS), also known as petrol at between N140.80 and N143.80 per litre for the month of July.

Ita Enang want discussions on PPPRA’s price modulation of petroleum products

The Petroleum Products Pricing Regulatory Agency (PPPRA), has fixed the pump price band of Premium Motor Spirit (PMS), also known as petrol at between N140.80 and N143.80 per litre for the month of July.

Executive Secretary of the Agency Abdulkadir Saidu disclosed this in a memo to all Petroleum Products marketers released in Abuja on Wednesday.

The memo was titled `Advised price for Premium Motor Spirit (PMS) in the month of July 2020.’

“After a review of the prevailing market fundamentals in the month of June and considering marketers realistic operating cost, as much as practicable, we wish to advise that a new PMS pump price band of N140.80 to N143.80 per litre be for the month of July.

“All marketers are advised to operate within the indicative prices as advised by the PPPRA,’’ he said.
He added that the ex-depot for collection include the statutory charges of bridging fund, maritime transport average, National Transport Allowance and administrative charges.

Newsjaunts, recalls that since April, PPPRA had continue to issue a monthly price band of PMS for marketers.

In June, there was a slight reduction as the price was fixed at N121.50 per litre from N123.50 in May.
The July new price is N20.30 higher than the June price of N121.50 per litre.

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