The talks between the Federal Government and the Organised Labour on Tuesday over the removal of petrol subsidy and the increase in electricity tariffs, ended in a deadlock.
The Minister of State for Petroleum Resources, Timipre Sylva, urged the labour to show more understanding with the government over its policies.
According to Sylva, Nigeria lost about N1billion daily between 2016 and 2019, as a result of fuel subsidy and N3.74billion daily before 2016.
“There are a lot of issues to discuss; from 10 o’clock we haven’t been able to trash out all the things; I think it will be right to set committees to further deliberate and resolve them,” he said.
But the President of the Nigeria Labour Congress (NLC), Ayuba Wabba, argued that the recent hike in cost of fuel and electricity tariffs further aggravated the economic hardship facing Nigerians.
Wabba said workers who have lost their jobs and sources of income due to COVID-19, are being forced to make further sacrifices.
“Those issues that constitute the price are part of the inefficiency in the system which the government hitherto has been paying and christened subsidy. The government cannot transfer the inefficiency to the people. Nigeria should refine its products,” he said.
“At this point, what do you have on the table to cushion the effects on workers – their families because they have been pushed to the wall and already at the edge. Do you have anything for us? So that we can now say that despite these challenges, this is what I have for Nigerian workers that they can have something that can cushion this effect for them.”
According to him, “Already the value of minimum wage had been eroded. The purchasing power parity, when you compare with all West African countries, we are already on the ground.
“That is the reality. In Ghana, compare their minimum wage with our own; in all West Africa countries, including Niger Republic that has just started refining recently, they are now serving us with products. That is not how we ought to be.”
The meeting ended with no agreement reached, while no date was fixed to continue the talks.