Its Pure Monopoly to limit Fuel Imports- TUC
The Trade Union Congress of Nigeria (TUC) has condemned the plan to limit fuel imports to few operators in the oil and gas industry. It said this was monopolistic and aimed at frustrating the gains of Petroleum Industry Bill (PIB).
The union urged that the market should be left open, if the government wanted to be sincere in addressing the problems of the sector.
According to the union, this is a conspiracy to waste another opportunity to fix the sector, noting that from the lawmakers’ position and body language, one could infer they are serving the interest of few individuals to the detriment of the over 97 per cent of the country’s population but that the congress would not allow that to happen.
In a statement, the TUC President, Comrade Quadri Olaleye, and Secretary-General, Comrade Musa-Lawal Ozigi, said the country could not afford to continue toying with the oil and gas sector as it remained the only major source of foreign exchange.
The two leaders urged the lawmakers not to be seen to serve the interest of few capitalists.
They said: “It is high time these principalities and powers removed their knees from the neck of Nigeria and Nigerians
“The congress is not against the companies holding refining licences; we are only saying the sector should be left open so the destiny of the country will not be in the hands of a few individuals.
“The pertinent questions are: how well are the products and markets controlled by these same few people doing? Why are the lawmakers failing to see the large number of companies and employment that could be created when more investors are allowed to invest?Are these people (lawmakers) not disturbed by the unprecedented insecurity challenge in the country caused by unemployment? How long are these people going to continue to exploit the country?
“There is no sugarcoating the matter, the capitalist trajectory in Nigeria is morally, economically, and legally wrong as it tends to impoverish Nigeria and Nigerians. It hinders the country’s financial and economic progress because it transfers a huge chunk of public wealth to “favoured businessmen”.
“This is not only treacherous but also a serious form of corruption. We urge them to use their money for the social benefits of all; after all, they enjoy forex largesse financed by Nigerians’hard earned oil revenue.