President Muhammadu Buhari has on Wednesday approved the appointment of Alhaji Mohammed Buba as the Chairman of the Petroleum Product Pricing Regulatory Agency (PPPRA).
Buba was declared the chairmen of the agency following a final touch on the demand by the Nigerian Labour Congress (NLC), that the federal government reconstitutes the board of the agency.
The meeting, which was held in Abuja on Wednesday, aimed at reviewing issues involved in the new pump price of premium motor spirit, also known as petrol, which had been fixed at N145 per litre.
Organised Labour had argued that had the PPPRA Board been in place, the issue of the misunderstanding in the price regulation would not have arisen.
The SGF said, “We just finished our meeting with the NLC and I’m happy to announce that we had a very successful meeting with an outcome that will make every Nigerian happy. First of all on the side of the government, we want to thank the NLC for their magnanimity in calling off the strike. And we thank Nigerians for being patient while the strike lasted.
“In this meeting, we have arrived at some major decisions. First of all, you will recall that before we adjourned the last meeting, we had basically decided to discuss three major issues.
“One was the issue of the minimum wage for workers, both in government and in the private sectors. And also labour had raised the issue of requirement to be involved in the implementation of half a trillion naira amount of money in the budget for palliative for Nigerians that are on the fringe of society economically.”
“The Labour had requested that the government reconstitute the Board of PPPRA which they said had not being in place, the issue of the misunderstanding in the price regulation would not have arisen. This evening, I’m proud to announce that, first of all, a 16-man committee has been set up as a technical committee ; half from the labour side and half from the government side to discuss issues concerning the minimum wage, to advice on the setting up and possible modalities of working out the committee to discuss minimum wage issue.
“The minimum wage involves almost every segment of the society, so it’s not just federal government and workers alone but also stakeholders, local government, the private sector. So this technical committee will discuss the modalities of how this issue would be brought forward.
“Secondly, we have agreed that the 16-man committee will look at the issues of implementation and allocation of resources of that palliative, the half a trillion palliative. The Committee is supposed to work and bring its report to the committee of the Whole within two weeks of their inauguration.
“Then the issue of PPPRA Board, I like to announce that the President has agreed and approved the appointment of Alhaji Muhammadu Buba, former Managing Director of PPMC, a very season oil industry downstream expert. Alhaji Muhammadu has agreed to graciously serve in this capacity. It is a 25-member Board. All the members are statutorilly coming from all segments of the society: NLC, related Parastatals, TUC and other non-Governmental Organisations.”