Oil & Energy
TUC Hails FG’s Decision On Refineries

Securitymen supervising the destruction of illegal oil refineries at Alakiri in Okirika Local Government Area, of Rivers State last Thursday
The Federal Government
has received kudos from the Trade Union Congress (TUC) over its decision not to sell the nation’s four refineries as earlier said.
The TUC boss, Mr Bobboi Kaigama, who spoke with journalists in Lagos last week, said that it was a pointer to the fact that the government has listening ears.
He said that it was the best decision the Federal Government has taken so far, saying that it would not have been possible without stakeholders’ critical inputs.
Kaigama called on all the parties in the agreement to ensure that they keep their commitments as to ensure a way forward in the petroleum sector.
It would be recalled that the Federal Government, sometime ago, announced its readiness to sell the major refineries in Port Harcourt, Warri and Kaduna in the name of privatisation.
The TUC boss, maintained that round table discussion was the best way to handle issues that concerned a particular industry, adding that it was ideal all over the globe.
He also lauded the government for issuing an ultimatum to the new private investors in the power sector to provide stable electricity supply within the next six months.
The labour leader, expressed hope that the government’s order will spur the energy providers to action.
According to responses from Port Harcourt, this may not be the first time of such ultimatum, but urged the Federal Government to sue for a radical approach that would guarantee steady power supply in the country.
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