The Minister of Labour and Employment, Senator Chris Ngige, has revealed that President, Major-General Muhammadu Buhari (retd.), and the state governors will discuss the issue of fuel pricing Thursday.
He disclosed this on Sunday night after a bipartite meeting of the Federal Government and the organised labour at the Banquet Hall of the Presidential Villa, Abuja.
While briefing journalist after the meeting the minister said, “The labour side saw that they were making some points and like I said, it is work in progress. Governors are going to discuss this on Thursday.
“They have discussed this at the National Economic Council and so, everybody is involved because we find ourselves in dire straits. There is no money for subsidy.
“The NNPC has explained: What they are doing is import- dependent. Deregulation is import-dependent but they are doing bulk purchasing. So, they can get discounts.
“They are also using foreign exchange that is discounted for them. They are not buying from the parallel market. So, all these things will be put in basket and a price will emerge from it.”