ASHENEWS reports that the Nigeria Labour Congress (NLC), has opined that if one person in Aliko Dangote could put a refinery in place within a space of few years, the federal government can do more than four refineries of that size in the country.
This online platform further reports that following President Bola Tinubu’s “fuel subsidy is gone” statement, Nigerians are witnessing fuel price hikes and shortages.
A former NLC Deputy President and Labour consultant, Amaechi Asugwuni, who spoke on the ChannelsTV’s Sunrise Daily on Monday, stated that anything above the current price without a concrete plan for refineries to kickstart would make the country ‘unwise’ before the world.
According to him, although Nigerians are aware of the inevitability of the subsidy removal, they expect a functional refinery in the country before starting the process.
“Strike is inevitable because people know that the Nigerian government was paying subsidies because it is not refining itself. So, doing away with subsidy without you refining after 30 years or more suggests incompetence,” Aaugwuni said.
Asugwuni faulted the government’s dependency on the recently commissioned Dangote Petrochemical Refinery, saying upon launch, the facility won’t bring down the cost of petrol as being touted.
“Using Dangote as a yardstick or determinant factor for subsidy removal is laughable. Dangote is Dangote, Dangote is not the Federal Government and let us not suggest that Dangote is now richer than Nigeria. It is not true.
“If Dangote can put a refinery in place within a space of years, the Federal Government can do more than four refineries of that size in Nigeria. If we subject Nigeria’s market to the Dangote Refinery alone, it means that we have transferred the corruption we are running away from to one man,” he said.
The consultant stated that the introduction of the fuel subsidy removal towards the exit of the President Muhammadu Buhari government was political to the budget allocation and to the kickstart of the Dangote Refinery.
“The awareness of Buhari’s action, even though subsidy ends in his tenure does not end the government of Nigeria. Therefore, the action that they took reflected that after June no more subsidy. That was done politically because it was not announced politically, it was hidden under the budget plan,” he said.
According to the ex-NLC deputy president, it is illegal for the Nigeria National Petroleum Company Limited (NNPCL) to increase the price of its product, adding that there are forces beyond the control of the company.
“The lawyers have said it is illegal, and therefore NNPC, even though it was legal to do so, I think forces in the market are beyond NNPC.
“Because when you allow market force to determine market price you therefore cannot have a permanent price template otherwise it would look as if the subsidy is still working with some people, especially the NNPC,” he stated.
The Labour consultant lamented that the subsidy removal impact on minimum wage is an economic challenge to the living standard of Nigerians, adding that the effects are yet to permeate through the market evenly.
