NACCIMA Warns FG Against Fuel Price Increase In 2013

NACCIMA Warns FG Against Fuel Price Increase In 2013

The National Association of Chamber of Commerce Industry Mines and Agriculture (NACCIMA) have cautioned the Federal Government not to thinker with idea of an increase in the pump price of petrol in 2013.

NACCIMA Warns FG Against Fuel Price Increase In 2013

President of NACCIMA, Mr. Herbert Ajayi, explained that there was the need to remind government that there is hope for a positive turnaround for Nigeria in 2013,saying the association believes in dialogues, partnerships and cooperation without dereliction of its duty to call to attention whatever is unfavorable to the economy and business profitability.

Besides, the association equally wants government to compile actual quantities of fuel sold through petrol station pumps and do all that would enable Nigerians and the NACCIMA to compare with the claims of refineries.

As a matter of utmost national importance, Ajayi wants government to sell off or privatize refineries in the country while encouraging new private ones to be set up. On the economy, the chamber regretted that a number of issues raised by the association last year, still remained relevant and are yet to be addressed as at today.

For instance, NACCIMA informed that President Goodluck Jonathan’s offer of 25 percent reduction of the basic salaries of the Executive Arm, should be based on total compensation/emolument packages for it to produce the desired impact, while it said it also recommended that the patriotic gesture should be voluntarily emulated by all tiers of governments.

To this, NACCIMA said it was unaware of any change as supplementary budgets arose with huge fuel subsidy payments. On chambers-Government relationship, NACCIMA said it had in May 2012, suggested that governments should ensure that the private sector, in other words, the chambers of commerce are carried along and be part of the process of all bilateral trade agreements to be signed/entered into by the country.

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