Buhari’s policies are fraudulent – NLC

By Post Nigeria January 31, 2016 14:27

Buhari’s policies are fraudulent – NLC

President of the Nigeria Labour Congress, NLC, Comrade Ayuba Wabba has taken a swipe at President Muhammadu Buhari’s policies, insisting that the Organised Labour is currently mobilising and sanitising Nigerians on the adverse effect of government’s ill-conceived policies.

This is coming at the news of the Federal Government’s decision to hike the price of Household Kerosene, HHK, to N83 per litre from N50 per litre, thereby, officially ending subsidy on the product.

The Petroleum Products Pricing Regulatory Agency,PPPRA, in its products pricing template released January 25, 2016 stated that the N83 per litre price applies only to the Nigerian National Petroleum Corporation, NNPC, petrol stations, adding that other petrol stations and dealers can sell higher than the stipulated amount.

See: How Buhari plans to rob Peter to pay Paul

Reacting to this, the NLC president in an interview with The Nation Newspaper on Saturday 30 January, stated that the new price template was deceitful, arguing that the government has not come out clearly to explain the issues around subsidy.

He said: ”Frankly speaking, I doubt whether there is still an existing subsidy with the current market price of crude oil, because the price nosedived, as such, our conclusion is that we’re not sure that what they did was even removal of subsidy.

”What they did was outright price adjustment because the template which they displayed on their website after 24 hours that template was actually withdrawn.

“The template would have allowed us to be able to interrogate what parameters were used to do the price adjustment.

“But the truth is that with the current global price of crude oil, we should even be paying lower than what they have come up with at the moment.

See: Why dwindling oil price is a blessing – Osinbajo

“So, it’s clear that it is just a price increase and what we have kept on saying is that there is still a lot of elements of corruption in the system even in (PPMC) itself.

“So what we’re calling subsidy in Nigeria, is actually corruption and why I say so is because if you look at the current price, Nigerians are suppose to pay less but what they did instead is that we’re now paying more due to corrupt practices. They have transferred the burden now to the larger Nigerian citizens.

“So I can say clearly that I’m not sure with the current fall in global oil price, Nigerians are supposed to pay lower. In many countries, people are paying lower, what they are trying to call subsidy now is because of the fact that one we’re basing our argument on importation.

“This importation will be in dollars and they have already devalued our currency. So it’s just this element of corruption that they are transferring to all of us and therefore one of the processes of adjusting the price of kerosene is not transparently done because there is no template.

“If you go to their website now, you will find out that there is no template, so what basis have they used that we can actually interrogate to see whether there is even any subsidy or not.

See: Buhari is making a bad situation worse – The Economist

“The one they did for Premium Motor Spirit (PMS), where they removed 50 kobo, if you look at the template carefully it’s one of the components that they removed and that is what they call removal of subsidy.

“What we’re therefore saying is that instead of transferring this component of corruption to Nigerians why not make the process transparent?

“I believe that if there is a transparent process in place, Nigerians should be paying less under the current dispensation.”