Skip to content
REXTUN CITY UPDATES

REXTUN CITY UPDATES

24hrs News & Updates

  • Home
  • News
  • Politics
  • Crime Watch
    • Opinion
  • Sports
  • Celebrities
    • Employment, Labour & Productivity
  • Finance and Economy
  • World News
  • Justice and Judiciary
  • Voting and Elections
  • Football
  • Financial Crimes
  • Health & Wellness
  • Legislation and Legislature
  • Lifestyle and Relationship
  • National Security and Military
  • Terrorism and Terrorists
  • Activists and Activism
  • Entertainment and TV
  • Police and Interior Affairs
  • Obituaries
  • Obituaries
  • Obituaries
  • Religion
  • Conflict and warfare
  • Power and Energy
  • Trends
  • Travel & Tourism
  • Appointments and Jobs
  • Tradition
  • Youths and Youths Development
  • Cars and Automobiles
  • Weird News and Stories
  • Budget and Expenditures
  • Civil aviation and Travels
  • Technology
  • Innovation
  • Diplomacy and International Relations
  • Transport and Aviation
  • Advertorial
  • Cyberspace and Security I
  • Features
  • Literatures
  • Migrants and Immigration
  • Exchange and Forex
  • Food and Agriculture
  • Opposition
  • Civil Constructions and Housing
  • Weather and Climate
  • Public Service Information
  • Civil Society Organizations
  • Money and monetary policies
  • Petroleum
  • Telecoms & Information Technology
  • Corporate news
  • Prophecies
  • Trade and Commerce
  • National Assembly
  • Environmental disasters
  • News
  • Politics
  • Crime Watch
  • Sports
  • Governance
  • Finance and Economy
  • Celebrities
  • Football
  • World News
  • Justice and Judiciary
  • Auto sports
  • Celebrities
  • Conflict and warfare
  • Crime Watch
  • Finance and Economy
  • Cryptocurrencies
  • Exchange and Forex
  • Financial Crimes
  • Football
  • Health & Wellness
  • Justice and Judiciary
  • Legislation and Legislature
  • Lifestyle and Relationship
  • Literatures
  • Toggle search form
  • Ebonyi Community Banishes 20-Year-Old After Allegedly Killing His Mother Crime Watch
  • Federal High Court Judge Withdraws from EFCC Cases Against Ex-AGF Malami EFCC Court Cases
  • Access Bank Refutes Missing N500m Customer’s Fund Allegations News
  • Nigerian Navy Purchased N5billion Presidential Yacht Without Approval. – House of Reps Budget and Expenditures
  • Nigerian Air Force Foils Planned Bandit Offensive with Precision Strike on Border Hideout Insecurities and insurgencies
  • What Women Want After Sex That Men Do Not Know Lifestyle and Relationship
  • Internet Fraud: EFCC Arrests 18 Students, Artisans, Others in Ilorin Crime Watch
  • Survey Shows Kamala Harris Have Enough Delegates To Clinch Democrats Nomination World News

NNPC Not Sincere Over Subsidy – NLC, Governors

Posted on January 27, 2022January 27, 2022 By Rextun boss No Comments on NNPC Not Sincere Over Subsidy – NLC, Governors

:

The Nigerian Governor’ Forum (NGF) and the organised labour yesterday blamed the controversy over the petroleum subsidy on what they termed insincerity of the Nigerian National Petroleum Corporation (NNPC) and other managers of the policy.

They however, agreed to work together to end the controvery in the interest of the country.

The NGF, Nigerian Labour Congress (NLC) and Trade Union Congress(TUC) made the accusation against the NNPC and the subsidy administrators during their meeting in Abuja yesterday.

Although they differed on whether or not the scheme should remain or go, they agreed that it was necessary to address all underlying issues associated with the scheme before further steps could be taken.

While the governors argued that it was better for subsidy to be addressed and rested as quickly as possible, organised labour maintained that its removal would further inflict hardship on the masses.

The NGF, in a statement in Abuja, said agreed with labour that “the subsidy removal agenda was hidden in untruths bandied by the NNPC and other administrators” of the scheme.”

The NGF Chairman, Ekiti State Governor Kayode Fayemi said there is ”a lot of fraud in the consumption and distribution figures” that the subsidy administrators push out to the public.

He added: “Both parties agreed that the lacuna in the subsidy removal agenda was hidden in the untruths bandied by the administrators of the subsidy, particularly the NNPC, which both groups identify to be at the forefront of the mismanagement of the proceeds accrued therein.”

Fayemi, who noted that the nation’s economy was at the precipice, argued that it had become necessary for the NGF and the organised labour to carefully verify all NNPC’s estimates.

According to him, it is only when the verification is carried out that any action is taken on subsidy, would be in the interest of the people and not a few wealthy individuals and their cronies.

He said governors cannot but be a part of the solution providers “in this onerous task that is confronting the nation.”

Fayemi added: “There are raging questions of accountability associated with subsidy removal in the country. The NGF and the NLC can jointly work together to proffer solutions that heal the economy and provide succour to the Nigerian people.”

He said governors cannot ignore the economics of petroleum, arguing that all the countries surrounding Nigeria, including Niger, Mali, Cameroun and Ghana have their fuel pump prices at the equivalent of a US dollar.

He stated that even though governors are aware that Nigeria has a pump price that is far less than a dollar, they are uncomfortable with the removal of subsidy until the challenge of what the NNPC is telling the country is confronted frontally.

“We need a partnership with the NLC to confront the challenges of what the NNPC is about because there is a lot of fraud in the consumption and distribution figures that the country is getting,” the governor said.

He, therefore, challenged the organised labour to engage all knowledgeable groups, including the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), to “conduct a thorough research on the sector before any further action is taken on subsidy..” .

Fayemi also advised that the partnership with the labour should confront the perennial issue of palliatives for the common man in the event of subsidy removal.

Plateau State Governor Simon Lalong, who also attended the meeting, spoke in favour of subsidy removal. He recalled that the NGF had spent three years discussing the issue.

The NGF statement quoted him as saying;” We cannot continue with subsidising petroleum products. We must find options and create opportunities that address the hardships that stare our people in the face.

“The teams from the two groups (NGF and organised labour) should immediately set out to work to find the light at the end of the tunnel.”

According to the statement, NLC President Ayuba Waba and the TUC leadership wondered why the subsidy issue had always been shrouded in a lack of transparency on the part of the government.

“The unionists argued that the conflicting figures that always came from the managers of the petroleum sector had always tended towards inefficiency which has remained, to labour people, completely objectionable,” it added.

Governance, News Tags:Governors Forum, NNPC

Post navigation

Previous Post: 2022 Petrol Subsidy To Cost FG N3 Trillion
Next Post: Ekiti: Protests And Chaos At APC Secretariat

Related Posts

  • Local Government Gratuity: 2011 Jan-May Retirees Payment Commences Governance
  • Court Restrains IGP, DSS From Arresting Aminu Ado Bayero News
  • Kwara Government Evict 31 Beggars, 10 Lunatics From Ilorin News
  • Isin monarchs praise AbdulRazaq for positive turnarounds, pledge support for Gov’s re-election bid Governance
  • Gunfire Erupts in Obajana, Kogi State as Troops Clash with Suspected Terrorists Insecurities and insurgencies
  • Again, Kwara supports 490 SMEs with interest-free loans . Finance and Economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Troops, DSS Rescue Six Kidnap Victims in Kogi, Including Naval Officer
    by Rextun boss
    October 28, 2026
    Troops of Operation Whirl Stroke (OPWS), working alongside operatives of...

    Read More “Troops, DSS Rescue Six Kidnap Victims in Kogi, Including Naval Officer” »

  • Dangote Refinery’s N2.15 Trillion IPO Closes Today as Investors Make Final Push
    by Rextun boss
    October 27, 2026
    LAGOS, Nigeria — The highly anticipated initial public offering (IPO)...

    Read More “Dangote Refinery’s N2.15 Trillion IPO Closes Today as Investors Make Final Push” »

  • NCAA to Probe Airline After Passenger Reportedly Bleeds Amid Extreme Heat on Abuja–Calabar Flight
    by Rextun boss
    October 27, 2026
    The Nigeria Civil Aviation Authority (NCAA) is set to investigate...

    Read More “NCAA to Probe Airline After Passenger Reportedly Bleeds Amid Extreme Heat on Abuja–Calabar Flight” »

  • DSS Files Three-Count Charge Against Man Over Alleged Fake Tinubu Letter to US President
    by Rextun boss
    October 27, 2026
    The Department of State Services (DSS) has initiated a three-count...

    Read More “DSS Files Three-Count Charge Against Man Over Alleged Fake Tinubu Letter to US President” »

  • Harry Kane Ends England’s 25-Year Wait for Ballon d’Or, Beats Mbappé and Yamal
    by Rextun boss
    October 27, 2026
    Bayern Munich striker Harry Kane has won the 2026 men’s...

    Read More “Harry Kane Ends England’s 25-Year Wait for Ballon d’Or, Beats Mbappé and Yamal” »

  1. abdulwasiu abdulkabir Olajide on 7 Federal Government Empowerment Programs and Opportunities for Nigerian Youths – How to ApplyAugust 13, 2026

    24,sabo line oke ile onikere compaund

  2. Kikma on Top 10 Hidden Gems in Ibadan You Need to Visit in 2025July 1, 2025

    Ibadan is truly a hidden gem with so much to offer. From the serene Agodi Gardens to the breathtaking views…

  • US Elections: Kamala Harris Calls Trump, Concedes Defeat World News
  • Euro 2024: Host Germany Drops As Spain Enters Semi-Finals Football
  • CAN Condemns Jingir’s ‘Infidel’ Remark, Warns Muslim-Muslim Campaign Could Deepen Religious Tension News
  • Rivers LG Polls: AA’s Uzodinma Nwafor Declared Winner Of Etche LG Chairmanship Voting and Elections
  • Russia Continues Heavy Ukraine Offensive World News
  • Beneficiaries Of Fuel Subsidy Fighting Back – Shettima Finance and Economy
  • Court Suspends Nafiu Bala’s Suit Indefinitely as Supreme Court Moves to Decide ADC Leadership Dispute Politics
  • 400 Sex Tapes: Equatorial Guinea’s Ex Anti-Corruption Boss I In Prison World News

NO 1, Treasure Close, Peace Street, Off Awolowo, Ilorin. kwara State, Nigeria. For Adverts, Engagements & Coverage, Contact the Editor on: +234(0)7068357963 or 08038876748. Email: rextun2009@gmail.com.

Copyright © 2026 REXTUN CITY UPDATES.

Powered by PressBook News WordPress theme