The Nigeria Labour Congress (NLC), has called for immediate re constitution of the Petroleum Products Pricing Regulatory Agency (PPPRA) board to ensure proper template for petroleum pricing is implemented.
The NLC President, Ayuba Wabba, at a stakeholders’ meeting organised by the congress on fuel subsidy and petrol pricing in Lagos, said that the reconstitution of the board was long overdue and that by law, the NLC was a strategic stakeholder which should contribute to decisions on how to fix template and petrol price.
“According to the law, the NLC is a member of the PPPRA board and it is that board that is supposed to look at the templates and even fix the price,”he said.
“But for some time now, deliberately, government has refused to constitute that board and a lot of things have been going wrong, some people have taken the law into their hands.
“Government said that subsidy on kerosene has been removed even without any consultation, and what is the current template that is being used by PPRA to fix the price,” he quaried.
He said that although government has the responsibility through the PPPRA law to fix prices as done in other parts of the world, he insisted that the price has to be controlled due to its security importance and could not be left in the hands of market forces.
The NLC boss said that it was time to assist the government in checking its policies because some of the policies are imposed by those he described as “powerful nations” and in their interest.
He added, “We should take our destiny in our own hands. We should also be able to assist government to come up with a proper policy because we need to strengthen their hands.
“Government on its own might not be able to check the policies because those policies are superimposed by the powerful nations in their interest and may inflict more hardship on Nigerians.”
Wabba said that the stakeholders meeting was organised to intervene in regulation of petroleum prices because it was obvious that crude oil price would continue to fall.
He said that some countries now depend on renewable energy to drive vehicles and other machines and advised the government to refine locally to be able to attend to the needs of its economy.