ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Wednesday, April 14, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Cars queuing to buy petrol

Cars queuing to buy petrol

Why we support petrol price increase – NUPENG

byPremium Times
May 16, 2016
2 min read
ADVERTISEMENT

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) said it supported the petrol price increase because of President Muhammadu Buhari’s sincerity towards infrastructure development and oil and gas policies.

The Chairman of the union in South-West, Tokunbo Korodo, told the News Agency of Nigeria (NAN) in Lagos on Monday that his union and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) endorsed the price hike.

He said that although the Federal Government consulted the unions on its contemplation on the price increase, they had not taken the message to their members before the announcement was made.

Mr. Korodo, however, said, ‘’it was a big shock but as shocking as it was, we cannot throw away the baby with the bath water’’.

He said the country was at the verge of economic stagnation, and that the only way to move the economy forward was to support the government’s move.

“We met and x-rayed the problem confronting the oil industry at large.

“We considered the sincerity of the government as it relates to infrastructure and some policies in oil and gas industry.

‘We also put into consideration the plight of Nigerians. After putting all these forward, the two unions, after a strong deliberation, arrived at a conclusion.

“We came to support the government and the policy of price modulation.

RelatedNews

NiMet predicts three days of sunshine, thunderstorms across Nigeria

Fuel queues resurface in Sokoto

Appeal Court reinstates Edo commission dissolved by Oshiomhole

France-Nigeria bilateral trade drops by $2.2 billion in 2020 – Official

“We believe that if the market is opened a little, it will create more room for investment,’’ he said.

Mr. Korodo added that “foreign investors with genuine gesture will come in with their products and this will create more jobs for the jobless.

“The foreign investors will not rely on foreign exchange from government.
“So it is a bold step in the right direction.”

Dangote adbanner 728x90_2 (1)

He urged Nigerians to support the price increase, adding that it was a bitter pill the country had to take.

The chairman said that the two unions would not be part of the proposed strike by Nigeria Labour Congress (NLC) and Trade Union Congress (TUC).

“We have informed our members to work and ensure that nobody intimidates them while doing their work,” he said.

(NAN)

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

Benue Governor, Ortom, signs 2016 appropriation bill of N150.7bn into law

Next Post

EXCLUSIVE: How Nigeria’s Accountant General deceived VP Osinbajo, governors; ₦324 billion oil money unaccounted for

Premium Times

Premium Times

More News

The Nigerian Stock Exchange.

Guinness, Meyer, Wema Bank lead gainers as Nigerian stocks rally

April 14, 2021
President Muhammadu Buhari (R) welcoming President Emmanuel Macron of France at the Presidential Villa in Abuja on Tuesday (3/7/18) 03540/3/72018/Callistus Ewelike/NAN

France-Nigeria bilateral trade drops by $2.2 billion in 2020 – Official

April 14, 2021
Naira and Dollars

Naira slides at official market

April 13, 2021
Central Bank of Nigeria on the need for a Trade Remedies Legislation

CBN begins registration of more financial institutions on credit management platform

April 13, 2021
Twitter Ghana

Why we chose Ghana over Nigeria, others — Twitter

April 13, 2021
Dangote Cement announces N273 billion dividend for shareholders

We’ve lost dollars to sell cement in Nigeria —— Dangote

April 13, 2021
Next Post
Buhari promises 10,000 megawatts of electricity

EXCLUSIVE: How Nigeria's Accountant General deceived VP Osinbajo, governors; ₦324 billion oil money unaccounted for

Lagos now officially an oil producing state - Governor Ambode

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


Explore Akwa Ibom Ad


Explore Akwa Ibom Ad


Access Bank Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,651,239 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
    • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.