FG says no plan to sell NNPC, refineries – Independent Observers

FG says no plan to sell NNPC, refineries

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The federal government has stated that it has no plan or agenda to sell any of the refineries or the Nigerian National Petroleum Corporation ( NNPC ).

President Muhammadu Buhari, at the 12th Quadrennial National Delegates Conference of the Nigeria Labour Congress (NLC) in Abuja on Tuesday, said anybody who has such plan does not have the interest of the workers at heart.

Represented by the Secretary to the Government of the Federation, Boss Mustapha, Buhari said the government was determined to attain the decent work agenda, which involves opportunity for works that are productive and deliver a fair income, security work places and social protection for families.

“I want to reassure you of the commitment of this administration to the issue of welfare of workers.

“This is evidence of numerous programmes and policies that have been initiated by this administration in promoting the interest of the well-being of our workforce.

“Meanwhile the administration is committed to addressing other labour issues that are still pending.”

In his address, Comrade Ayuba Wabba, the National President of NLC called for reversal of power sector privatisation due to what he called chronic failures by the distribution companies (Discos) to deliver quality power supply to Nigerians.

“Since the privatization of electricity distribution, Nigerians are yet to see the fulfilment of promises of efficient service delivery.

“Instead, the electricity situation has gone worse with chronic failures by DISCOs to supply prepaid meters, exploitation of Nigerians through estimated billings and reluctance to attend to basic complaints.

“Even with N39 billion bailout funds from government, the supposed private entrepreneurs have failed to turn anything around except maybe their pockets, unfortunately, at the expense of Nigerians. This must stop.

“We call on government to reverse the power sector privatisation because it has failed.

“Privatization of public utilities has not generally proven to be the correct thing to do in most countries even developed ones.

“Why Public Private Partnerships don’t work; the many advantages of public alternative authored by David Hall privatizing public utilities has been a wreck in most countries. Example form Spain, France, India, South Korea, UK, Australia among others show how public/state guarantees and loans to private sector for the utilities sector have resulted in failures on delivery of services as well as repayment in most cases”.

He however urged the Federal Government to resuscitate ailing refineries in other to liberate the downstream sector. fffffff

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