Labour, FG agree on palliatives, electricity sector reform, revitalized refineries, others

Following its decision to halt its planned strike action in the early hours of Monday, organized labour has released resolutions reached at the bipartite meeting between the Federal Government and the two Labour Centres – Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC).

Labour had threatened to strike citing the recent Federal Government twin policies on Electricity Tariff Reform and full implementation of deregulation of the downstream sector of the Nigerian Oil and Gas Industry.

The Federal Government has assured that that it has fashioned out palliatives that would ameliorate the sufferings that Nigerian workers may experience as a result of the cost – reflective Electricity Tariff adjustments and deregulation of the downstream sector of the Petroleum Industry. The palliatives will be in the areas of transport, power, housing, agriculture and humanitarian support.

Resolutions reached at the meeting demanded for reforms in the electricity as well as the oil and gas industry. To implement the resolutions reached on the electricity sector, the parties agreed to set up a Technical Committee comprising Ministries, Departments, Agencies, NLC and TUC, which will work for a duration of two (2) weeks effective Monday 28th September 2020.

They also agreed on the urgency for increasing the local refining capacity of the nation to reduce the overdependence on importation of petroleum products to ensure energy security, reduce cost of finished products, increase employment and business opportunities for Nigerians.

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