Queue at the filing station The President, Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
By Akinola Ajibade The Organised Labour has faulted the claims that the Federal Government has injected over N3trillion in any privatised ectricity companies owned in the country. The body said that there has not been commensurate increase in power generation in the last 10 years, despite the government's claims of repeatedly funding some of the privatised firms. The Secretary General of National Union of Electricity Employees (NUEE), Comrade Joe Ajaero said this yesterday ( Thursday) during the public hearing on a bill to amend Electric Power Sector Reform Act, 2005 to provide the legal and institutional framework for the implementation and coordination of Rural Electrification Projects, establishment of the National Power Training Institute and Regulatory provisions to strengthen the sector for efficient service delivery and for related matters. According to him, the privatisation has further compounded the economic woes, adding that the priva...