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Workers oppose 5% petrol levy, power sector privatisation

Workers oppose 5% petrol levy, power sector privatisation

- Civil servants in Nigeria have condemned the 5% level introduced on Premium Motor Spirit (PMS) by the federal government

- The workers led by the president of the Trade Union Congress said the introduction of the levy is an imposition on Nigerians

- According to Bobboi Kaigama, the excuse that the money will be used to fund the Petroleum Equalisation Fund is not tenable

Workers in Nigeria have protested against the introduction of 5% levy on petrol by the federal government, Punch reports.

The workers under the Trade Union Congress (TUC) said the union is totally against the levy on Premium Motor Spirit (PMS) which is contained in the Petroleum Industry Governance Bill recently passed by the National Assembly.

Commemorating the 2018 May Day, the president of the TUC, Bobboi Kaigama, said the privatisation of the power sector had failed.

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Kaigama said it is important to query why the imposition of the levy is coming at a time when Nigerians are going through pains surviving.

He said: “We are against the five per cent fuel levy hidden in the PIGB. The question is, why is it coming now that Nigerians are going through excruciating pains from the mismanagement of the economy?

“What is the necessity of the marginal levy when Nigeria has not fully broken the shackles of fuel scarcity? If the National Assembly cannot lessen our burden, they should not make it worse. That levy has to be removed immediately. The excuse that the money will be used to fund the Petroleum Equalisation Fund is not tenable.

“The investors have failed in most of their undertakings so far and are even arm-twisting the government to cover up their failure. We urge the government to hold these investors to account and stop treating them with kid gloves.

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“They must comply with the agreement they signed in their contracts with the Bureau of Public Enterprises. Excuses must stop. The contracts should be reviewed immediately. We need real investors to take over the power sector. This so-called privatisation has failed."

Meanwhile, Legit.ng earlier reported that the Bauchi state governor, Mohammed Abubakar had said the state government would not be able to pay the proposed N66,500 as minimum wage to civil servants.

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The governor said the state can only afford to pay such minimum wage demanded by the Nigerian Labour Congress (NLC) if the federal government increases its allocation.

Abubakar said taking such steps would be difficult for the Bauchi state government to actualise because the state generates little revenue.

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Source: Legit.ng

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