…Decries the Nigeria’s poor knowledge of daily oil production

The Trade Union Congress of Nigeria (TUC) has condemned the recent revelation that Nigeria is still unable to ascertain daily oil production 65 years after the commencement of oil exploration.

Making the observation in a New Year message issued in Abuja last weekend, the TUC president, Comrade Festus Osifo said it is for the same regrettable reasons that Nigeria flares its gas, with damaging consequences, rather than committing it to production.

While insisting that the last privatization conducted in the power sector was flawed, Osifo called for the reversal of privatised entities in the electricity sector, where he said the new ‘owners’ have failed abysmally or merely engaged in asset stripping.

According to him, it is time Nigerians asked questions and demand a new trajectory of governance, assert sovereignty over all those in government, and hold governments at all levels to their constitutional duties and make them accountable to the Nigerian people.

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He said the last privatization exercise in Nigeria was everything but transparent, and also lacked demonstrable accountability, especially with its proceeds.

The TUC boss stated further that anybody or group pushing for further privatisation of the country’s national assets does not mean well for Nigeria. He said the TUC rejected the clamour by some politicians and political officeholders to continue the importation of petroleum products at prohibitive costs while simultaneously, campaigning and making moves to stop fuel subsidies.

“Politicians who love Nigerian would first return the country to local refining, thereby creating mass jobs and making the products cheap, accessible and available before contemplating the removal of fuel subsidy.

“We also demand that the Buhari government ensures that PMS is available and sold at the official pump price in fuel stations. The emergent culture of selling such highly inflammable commodities in jerry cans on street corners and residential houses must be stopped,” he said

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Osifo said while the TUC fully endorsed the acceleration towards a cashless economy, he condemned the inability of the banking system to run seamless electronic banking platforms.

By Bosco Agba   


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