THE Trade Union Congress of Nigeria (TUC) has urged the Federal Government to introduce a special FOREX scheme to Dangote Refinery at a rate lower than the official market rate, targeting to reduce fuel prices for Nigerians.
“We are still advocating for government intervention in the sector by providing forex to the Dangote Refinery atN1,200 per dollar.
“If the government intervenes, it’s not subsidizing consumption but subsidizing production, which would enable Dangote Refinery to employ more Nigerians and operate more efficiently.
“Even if Dangote Refinery reaches 35 million litres per day, do we have the capacity to evacuate that amount daily?
“We are calling on the Federal Government, through the Nigerian Midstream and Downstream PetroleumRegulatory Authority (NMD-PRA), to grant all marketers licenses to lift petrol from the Dangote Refinery,” Osifo added.
..
News articles remains the property of the source. Tellbrief is a news aggregator.
