At a marathon meeting attended by President Goodluck Jonathan, organised labour, the leadership of the Senate and the representatives of state governors, labour was given two options for the reinstatement of the N65 per litre price of petrol. The first option is to revert to the pre-New Year price on the condition that the subsidy regime would be completely removed in April.
The second option is to allow the N65 selling price of petrol and withdraw 80% of the subsidy in March, meaning that petrol would sell for N120 if the current price regime remains in force.
No agreement yet — Labour
At the end of the meeting last night, labour said although compromise was being made, It has not reached an agreement and that strike continues today. All the parties would however meet again on Saturday when labour is expected to make up its mind on the options put before it.
Yesterday’s meeting was at the instance of the leadership of the Senate which had earlier held two meetings with organised labour and another with the Federal Government. Among those present at the meeting which commenced at 6.30 pm last night were Senate President David Mark; his deputy, Senator Ike Ekweremadu and Senator Victor Ndoma-Egba.
The Senate President shuttled periodically yesterday between Aso Rock and his residence where he hosted labour officials as he sought to mediate the differences between both parties.
The Nigeria Governors Forum, NGF was represented by seven governors at last night meeting. Those in attendance were the Chairman of the NGF, Mr Rotimi Amaechi (Rivers); Mr Gabriel Suswan (Benue); Mr Babangida Aliyu (Niger); Mr Liyel Imoke (Cross River); Mr Adams Oshiomhole (Edo); Mr. Babatunde Fashola (Lagos) and Mr Peter Obi (Anambra).
The Labour delegation included the President of the Nigeria Labour Congress, NLC, Mr Abdulwaheed Omar and the President of Trade Union Congress, TUC, Mr Peter Esele, while Mr Tunde Aremu of ActionAid, represented Civil Society Organisations, CSOs.
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