NANS backs FG on fuel price hike; says Nigerian economy is sinking, badly battered

 

Addressing newsmen in Abuja, President of NANS, Comrade Tijani Shehu, who also stated that NANS had reached an agreement with the Federal Government as concerning palliatives for students, called for the total deregulation of the downstream sector of the petroleum industry, as according to him, it would help improve the economy of the country and boost employment generation. He said, “ NANS recognizes that Nigeria is faced with the crisis of deciding its future from present realities of economic challenges, and this justifies the reasons for the agitation for reversal of the pump price of N86.50 by some members of the public. “NANS recognizes that the economy is sinkin g, and however, we blame the government for allowing the situation to generate to position where Labour Unions will find it difficult to appreciate, accommodate policies and be on the same page with them.” He maintained that there is no justification for the Federal Government to continue subsidizing imported petroleum products, adding that the removal of subsidy would guarantee availability of petrol across the country. “We worry that the Federal Government, instead of completely deregulating the importation of petrol is still controlling the business through issuing of licenses, and there is no assurance that the modular refineries will be operational before 24v month,” he noted. He argued that the defense of the Federal Government on the diversion of petrol to neighbouring countries is an indictment on the security apparatus of the Buhari-led government. On the understanding reached with the Federal Government concerning palliatives, Shehu stated that it was agreed that the government should halt any further increment in tuition fees and other auxiliary fees in all institutions of higher learning. He said, “Understanding was also reached that government should provide buses to tertiary institutions of higher learning, two per institution, to ease transportation on campuses; distribution of camp gas cylinders to all Nigerian students. “It was also agreed that government should engage students across the four zones of NANS in a town hall meeting to enlighten students on the policy; provide immediate employment to graduates; establish an independent service monitoring group to monitor the current price ceiling of N145 per litre and also establish a students’ trust fund.”  Read more at: http://www.vanguardngr.com/2016/05/fuel-price-hike-nigerian-economy-sinking-badly-battered-nans/