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Independentng.com homepage - Home of Independent Newspapers Nigeria LimitedYakassai seeks fresh stakeholders meeting on fuel issues

Last Updated: Monday, November 1st, 2004 HOME | Previous Page

Yakassai seeks fresh stakeholders meeting on fuel issues

By Augustine Madu-West

Special Correspondent, Kano

 

A former presidential adviser, Alhaji Tanko Yakassai, has faulted the Federal Government Palliative Committee led by Senator Ibrahim Mantu to recommend measures to cushion the effects on Nigerians of the recent increase in the prices of petroleum products, which sparked off a four-day warning strike.

The committee submitted its recommendations last week.

Yakassai, who was Adviser on National Assembly Matters to former President Shehu Shagari said in Kano on Sunday that the terms of references of the Mantu-led committee were limited in scope and composition and could only offer recommendations that would allow for short term solution of the problems plaguing the oil sector.

Disapproving of government’s response to the situation, he said, “I have been a strong supporter of government’s policy on deregulation and withdrawal of subsidy on the downstream petroleum sector because I know from experience that the public has never benefited from the subsidy as the huge amount invested in petroleum ended up in pockets of black marketers and bunkerers to the detriment of the masses who bare the brunt of the problem.

“To end this crisis, two things must be done, namely: a meeting of stakeholders to discuss the issue of petroleum products in its entirety so as to get input from them and find a solution that could address the concerns of all and sundry,” he said.

The elder statesman said such exercise should include federal, state and local governments, employees associations, manufacturers associations and professional bodies like the Nigerian Bar Association, Labour and the legislature which is the representative of the people, representatives of the market women and other interested bodies. He added that solution from such broad based meetings would ensure a far-reaching and lasting understanding.

Tanko said, “Government should withdraw from the importation of refined products so that marketers will be given free hands to source the products from where they could allow market force and competition to determine the pump price of the products.

 

According to him, “at present where the government declare publicity that it has deregulated the sector and NNPC is still the organisation responsible for preparing and allocating the products, as big as there is any government agency involved in the headline of the product including importation. There will continue to see instability in the system.

The former All Nigerian Peoples Party chieftain reminded labour that going in persistent strike to protest the price hike does not solve the situation, neither did it help the nation. He said an estimated N5 billon was lost daily in the 4-day warning strike recently, “this s apart from the colossal loss incurred by the nation during the previous strikes. “the end losers in such strikes is the common. “This estimate does not include losses incurred by petty traders, market women, transporters and the resultant increase in prices of commodities arising from such development.

“Nobody can pin point the beneficiaries of the number of strikes the nation has witnessed in recent times, so I will appeal to the federal government and labour to think of the plight of the common man and device ways that will better the lots of the common men rather than causing more hardship on the masses.

 


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