See Why FG raised concern over possible fuel scarcity

See Why FG raised concern over possible fuel scarcity 

iexclusive News Nigeria reports the reasons why the FG has raised an alarm concerning possible petroleum scarcity.

See Why FG raised concern over possible fuel scarcity “Mr Timipre Sylva, the Junior minister for petroleum raised concern that the FG says there is a possibility of scarcity of petrol nationwided during a meeting with labour leaders.

The FG claimed that there was no reason for the increase and thereby raised an alarm over the possibility of the Premium Motor Spirit (PMS) getting scarce in the country necesitated the meeting which was aimed at forestalling the nation being shut down over hike in the price of petrol and electricity tariff.

The junior minister, disclosed this at the meeting with leaders of the organised labour on Monday, February 1, 2021, Timipre Sylva, said we may not much petrol with the labour bodies’ but he maintained that the recent hike on PMS must be reversed.

In November 2020, if we recall, the FG announced the hike in the price of petrol from N147.67 to N155.17 per litre, forcing marketers to sell between N165 and N173 naira per litre in various parts of the country.

“The Minister of state for petroleum Timipre Sylva addressed journalists after meeting with the labour leaders where he revealed the challenges this may bring.

“There has been so much outrage from the people both Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) .

Who vowed to shut down the country when the government announced an increase in the price of electricity tariff.

But during the closed-door meeting on Monday aimed at resolving the issue, representatives of the federal government led by Sylva and labour bodies represented by NLC chairman Ayuba Wabba and TUC’s Quadri Olaleye submitted their reports.

21 days was requested by the Labour leaders for clear study in order to know the next step.

Mr Sylvia, who objected to this request said it may cause fake panic in the nation if they are given 21days.

This online medium Meanwhile, reports that the federal government Tuesday, January 5, announced an increase in the electricity tariff payable by power consumers in the country.

The new electricity plan was announced by the Nigerian Electricity Regulatory Commission (NERC). The agency in a directive issued on December 31, 2020, stated that the new tariff will take effect from January 1, 2021 which has been causing a lot of unrest in the country.

The NERC also maintained that the new tariff outmodes the Order NERC/2028/2020, according to a revised Multi-Year Tariff Order (MYTO) signed by the new chairman of NERC, Engr. Sanusi Garba as he concluded.