PARIS ICC ARBITRATION COURT RULING: ATIKU ABUBAKAR UNFIT FOR NIGERIA'S PRESIDENCY. (PHOTO). #PRESS RELEASE.

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 APC CAMPAIGN COUNCIL PRESS STATEMENT PARIS ICC ARBITRATION COURT RULING: ATIKU ABUBAKAR UNFIT FOR NIGERIA'S PRESIDENCY  Atiku Abubakar, the African Democratic Congress candidate, is unfit to be President of Nigeria because he has once again proven he will compromise Nigeria’s best interests for personal, fiduciary gain. Abubakar’s legendary corruption reverberated in Paris at the International Arbitration Tribunal under the auspices of the International Chamber of Commerce (ICC). Hearings in the arbitration filed by Sunrise Power and Transmission Company Ltd (Sunrise) and Leno Adesanya over the stalled 3960mw Mambila Hydroelectric Power Project in Taraba State revealed that Abubakar and former power minister Olu Agunloye worked in cahoots to sign an illegal power contract with Sunrise. The backdoor signing of the contract in the dying days of then President Olusegun Obasanjo’s first term, when Atiku wielded enormous power, put Nigeria in a serious financial peril, despite Pre...
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HIKE IN PETROL PUMP PRICE: NLC CALLS FOR GOVERNMENT INTERVENTION TO EASE BURDEN ON CITIZENS. (PHOTO).

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 Hike In Petrol Pump Price: NLC Calls For Government Intervention To Ease Burden On Citizens


The Nigeria Labour Congress, NLC, has called on the Federal Government to introduce reasonable wage awards for workers, make sufficient crude available in naira to local refineries, and expand national petroleum storage capacity to strengthen energy security. 


In a statement by its President, Comrade Joe Ajaero, the NLC says petrol now sells for about one thousand four hundred and thirty naira (N1,430) per litre in some major cities, with prices higher in less accessible areas.


The Labour Centre says this increase in petrol price has a direct impact on transportation costs and subsequently affects the prices of food, rents, school fees and other essential services.


The NLC in expressing concern over the rising pump price of petrol across the country, says  the development is worsening the economic hardship faced by Nigerians. While attributing the latest surge partly to the resurgence of conflict in the Gulf, the NLC argues that Nigeria as an oil-producing country with local refining capacity should have measures in place to cushion the impact of international market fluctuations on citizens.

 It also advocates targeted government intervention for citizens during the current emergency and questions on the continued importation of crude by local refineries.

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