President Muhammadu Buhari alongside State Governors and officials of the Nigerian National Petroleum Corporation (NNPC) will on Thursday meet over the price for Premium Motor Spirit (PMS).
This was made known by the Minister of Labour and Employment, Dr. Chris Ngige while speaking with newsmen at the end of a meeting between the government and labour unions in Abuja.
The meeting between the minister and labour was in continuation of 2020 talks to prevent an industrial action over the increase in the price of petrol and electricity.
“As for the issue of the price of PMS, it is a work in progress. The governors are to discuss this on Thursday at the National Economic Council, and hopefully, there will be a way out of the situation,” Ngige said.
According to the former Anambra State governor, both sides had resolved to allow more time to look into ways of tinkering with the template for fixing domestic fuel prices.
He said that a report on electricity tariff was well-received by both sides, and the committee was asked to continue further work on grey areas.
The meeting with organised labour was adjourned until April, after the Easter celebration.
The President of the Nigeria Labour Congress (NLC), Ayuba Wabba, explained that labour unions pointed out areas of the PMS pricing report they disagreed with, NAN reports.
Mr. Wabba mentioned that labour maintained that it was not comfortable with the country’s import pricing method.
“This means that we import 100 percent of all the PMS used in the country, whereas we have refineries. The reports were presented, and we pointed out areas that we are not comfortable with and also made some suggestions which will form the basis of decisions on the matter,” he said.