FG, Labour agree on how to crash transport fares, food prices

Labour to be incorporated into economic council *FG to meet govs on full implementation of minimum wage this OctoberThe Federal Government and Organised Labour, yesterday, agreed on modalities to crash transport fares and prices of essential commodities, food stuff.

FG, Labour agree on how to crash transport fares, food prices

NLC, TUC in talks over suspending strike
*Labour to be incorporated into economic council *FG to meet govs on full implementation of minimum wage this October.

The Federal Government and Organised Labour, yesterday, agreed on modalities to crash transport fares and prices of essential commodities, especially foodstuffs.

This came on a day the House of Representatives asked the Federal Government to reverse the recent petrol price hike and take immediate steps to stabilise petrol and cooking gas prices through targeted interventions, such as temporary price relief measures, tax reductions, or subsidies on LPG for low-income households.

Rising from the meeting held in the Office of the Secretary to Government of the Federation, SGF, last night, the government also agreed to summon a meeting with state governors to ensure the N70,000 new minimum wage fully commenced nationwide in October.

Sources at the meeting told Vanguard that, among others, government and Labour also agreed to continue engagement and discussions to thaw frosty relationship that had existed before now.

“Government promised to release over 2,000 Compressed Natural Gas, CNG, conversion kits in the first instance. It also promised to release 45 CNG buses to Labour to complete the 90 earlier promised organised labour.

“As part of efforts at crashing transport fares across the country, the Federal Government will hold a meeting with state governors to fully embrace the CNG buses. This will also affect the cost of foodstuffs as it will reduce the costs of transporting food items from different locations to consumers drastically. These are parts of efforts to cushion the effects of the subsidy removal on the citizens.

“The government also promised to summon a meeting of the economic council to impress it upon state governors to ensure the new minimum wage takes off across the country this month.

“It also promised to incorporate labour into the economic council, so labour will participate and monitor economic policies of government, instead of government throwing policies at labour and Nigerians that may result in agitation or protest.

Source :Vanguard