Daily Champion (Lagos)
26 October 2009
The decision of the Federal Government to fully deregulate the country's downstream petroleum sector has encountered serious opposition because government is putting the cart before the horse.
[ See Article ]
While I advocate for a free market economy where the forces pf demand and supply determine price of goods and services, in this peculiar Nigerian situation, caution and restrain must be emphasised. The basic structures must be put in place first before deregulation. Quite agreed and well understood that the long term benefits of deregulation are enormous, nevertheless our refineries must first be made to work and local refining encouraged. Not doing this amounts to putting something on nothing.
This is an advice to organized Labour. As much as you have fought and resisted the deregulation of petroleum process, it has yielded very little. Government at the end will still do what they want, even though gradually due to your resistance. Let us try another method to help the teaming masses of this nation. This will put this sager to rest once and for all.
My suggestion is this, even though unpopular, is to allow government go ahead with the deregulation process.
WHAT LABOUR SHOULD DEMAND FROM GOVERNMENT IS A MINIMUM WAGE THAT WILL BE APPROPRIATE. I am suggesting a minimum wage of N150,000. Throw the ball back to government to choose what to play---removal of subsidy or pay N150,000 as minimum wage.
Four thousand politicians in this country are taking home over N1.3 trillion yearly while 7000 ASUU members take home less than N200Bn yearly. Where is the justice. N150,000 as minimum wage is not too much.
That is my suggestion. Thanks