The All Progressives Congress (APC) has begged organised Labour not to be hoodwinked by skewed opposition party narratives on the deregulation of the petroleum sector and the electricity tariffs.
While admitting that it was not unmindful of the financial strains brought by the increase in petrol pump price and electricity rates, the party assured that with little endurance, Nigerians stand to enjoy gains soon.
This was contained in a statement released by the APC Deputy National Publicity Secretary Yekini Nabena after the government-organised labour meeting.
We urge stakeholders, particularly the organised labour such as the Trade Union Congress (TUC) and the Nigeria Labour Congress (NLC) not to be hoodwinked by skewed opposition party narratives on the deregulation exercise and electricity tariffs.
“The same partisans have failed to account for and return trillions of naira stolen from national coffers in the guise of subsidizing fuel and the degrading of the electricity sector under their watch despite huge allocations and subsequent theft of the resources meant go improve the sector.
“The All Progressives Congress (APC) is not oblivious of the financial strains brought by the increase in fuel pump price and electricity rates. We urge Nigerians to endure now and enjoy gains soon.
“The reviews are crucial and hard thought decisions by government. On the positive side, the short and long-term benefits on the citizenry and our national life will become obvious and directly felt in critical sectors such as health, education, infrastructure and social services targeted at the poor.”
The party noted with shock the estimates by the Nigerian Institute for Social and Economic Research (NISER) which reported that the budget for fuel subsidies in 2019 was sufficient to enroll the entire population of Nigeria in the National Health Insurance Scheme (NHIS), adding that fuel subsidies took over N10 trillion of our national resources since 2006.
The statement reads: “At least, the generality of Nigerians and stakeholders agree on a thousand and one reasons why fuel subsidy has become unsustainable. The perceived benefits of fuel subsidies have long been overtaken by the previous corruption and drain on scarce resources that should be directed to other critical sectors.
“In line with the current administration’s deregulation drive and move to increase private-sector participation in the petroleum sector, the task before us now is to improve our local refining capacities which we are already on course to achieving and maintain a competitive, market-driven, transparent and accountable petroleum pricing template which meets global best practices, particularly in a developing country such as ours.
“While government works assiduously to solve the country’s electricity challenges permanently, it realises that many Nigerians and businesses still rely on alternative sources for power supply to meet electricity needs, hence its current focus on improving electricity and service delivery while also protecting poor and vulnerable Nigerians from arbitrary and estimated electricity billing.
“As with government’s decision to increase Nigerian worker’s minimum wage and other social investments, the President Muhammadu Buhari-led APC administration takes the welfare of the citizenry seriously.”
The party then appealed for the understanding of Labour and civil socities by supporting government move at fixing the economy.
“We call on all stakeholders — government at all levels, private sector organizations, labour unions, civil societies, students and youth groups to support governments decision on the ongoing deregulation exercise as the citizens will be the ultimate beneficiaries.”
