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Marketers Will Pay Naira for Dangote Fuel -IPMAN

Aliko Dangote Refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters, oil marketers clarified on Monday. Dealers in the downstream oil sector also stated that the registration process for marketers at the refinery was still ongoing, as many operators had continued to register with the plant. It was further gathered that officials of the Nigerian Midstream and Downstream Petroleum Regulatory Authority were meeting with the management of the refinery to perfect the pricing template for products produced by the facility. On January 12, 2023, the Dangote Petroleum Refinery announced the commencement of production of Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel. The President, Dangote Group, Aliko Dangote, had in a statement issued by the firm, said, “We have started the production of diesel and aviation fuel, and the products will be in the market within this mon

Minimum wage agreement victory for Nigerian workers







                                                              NLC







The Nigeria Labour Congress has described the signing of an agreement by the Federal Government and Organised Labour on the percentage increase on the consequential adjustment in workers’ salaries as a result of the new minimum wage of N30,000 as a victory for Nigerian workers.


NLC President, Comrade Ayuba Wabba, commended all workers and its affiliate unions for their support, solidarity and unity of purpose throughout the difficult negotiations.


Wabba, in a statement he personally signed in Abuja on Friday, said that it was heartwarming that the process was eventually rewarding.


The leadership of the NLC and the Joint National Public Service Negotiating Council (JNPSNC) – Trade Union Side, had in the early hours of Friday reached an with the Federal Government on consequential salary adjustment for public sector workers based on the new national minimum wage.


Wabba said that Organised Labour had once again, disappointed the antics of those whose interest laid elsewhere than the common goal of protecting and advancing the interest of ordinary Nigerian workers.


The statement reads: “We want to thank all Nigerian workers and our affiliate unions for their support, solidarity and unity of purpose throughout the difficult negotiations. It is heartwarming that the process was eventually rewarding.


“We must say that, as always, we disappointed the antics of those whose interest lies elsewhere than the common goal of protecting and advancing the interest of ordinary Nigerian workers.


“We wish to emphasize that the hard-won salary adjustment will benefit all categories of workers including those in the military and para military services. Apart from workers, the recent salary increase will also benefit ordinary citizens especially those in the informal sector as the increase in the available disposable income of workers will translate into a stronger purchasing power for our people.


“This will however only be sustainable if traders and providers of essential services refrain from artificial inflation of the prices of goods and services. It makes more sense to sell more at a stable price than sell little or nothing at inflated prices. Certainly, we have learnt from our past mistakes that inflation of prices with adjustment in salaries is a roulette game in which the downtrodden masses are the victims.


“We also call on government to refrain from introducing counter-productive economic policies and decisions that would erode the recent wage gain achieved by workers. Any further increase in the prices of petroleum products, electricity tariff and personal income taxes would amount to collecting with the left hand what is given to workers with the right hand. The leadership of organized labour will resist such move.


“Arising from our successful negotiation with the Federal Government, it is expected that all employers of labour in the public sector must ensure that all the necessary formalities for a smooth implementation of the negotiated salaries based on the new national minimum wage are carried out with immediate effect.


“While commending state governments that have already commenced implementation of the new national minimum wage, we urge that the implementation should be a product of collective bargaining process in line with ILO Convention 98 on Organizing and Collective Bargaining.


“Furthermore, all employers of labour in the thirty-six states of the federation and the Federal Capital Territory (FCT) as well as the Organized Private Sector (OPS) are expected to complete the implementation process of the new national minimum wage and consequential wage adjustment forthwith.


“State Councils of the Nigeria Labour Congress are hereby directed to offer leadership and work harmoniously with the TUC and JNPSNC and all unions to ensure effective implementation of the new national minimum wage and the consequential salary adjustment that must be reached through a process of collective bargaining.”






Source; The Nation

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