In a meeting with the former Managing Director of Petroleum Products Marketing Company, Alhaji Mohammed Buba, held on Wednesday, the Secretary to the Government of the Federation, Babachir David Lawal, announced the appointment of the latter (Mohammed Buba) as the new Chairman of the Petroleum Products Pricing Regulatory Agency (PPPRA).
Lawal made the announcement after meeting with the Ayuba Wabba faction of Nigeria Labor Congress, stating the approval of President Buhari on the said appointment. Buba, was appointed following the labour’s demand that the government should rebuild the board of the agency which has the statutory role of determining and fixing the prices of petroleum products.
“We just finished our meeting with the NLC and I’m happy to announce that we had a very successful meeting with an outcome that will make every Nigerian happy. First of all on the side of the government, we want to thank the NLC for their magnanimity in calling off the strike. And we thank Nigerians for being patient while the strike lasted.
“You will recall that before we adjourned the last meeting, we had decided to discuss three major issues. The issue of the minimum wage for workers, both in government and in the private sectors. And also labour had raised the issue of the requirement to be involved in the implementation of half a trillion naira amount of money in the budget for palliative for Nigerians that are on the fringe of society economically.”
Labour had argued that had the board been in place, the issue of the misunderstanding in the price regulation would not have arisen.The SGF said that a 16-man committee has been set up to look into the various issues that emanated from the hike in price of petrol such as the minimum wage, implementation of the N500bn palliative in the 2016 budget as well as the review of the pump price.
