The Federal Government has announced that it has received the report of the Technical Committee on PMS (Fuel) Pricing Framework alongside Organised Labour.
This was disclosed in a statement by the FG on Wednesday, after a bipartite meeting in Abuja between the Federal Government and Organised Labour.
The Minister for Labour and Employment, Dr. Chris Ngige, stated that the meeting had been adjourned to 22 February 2021 when the FG would deliberate on the report.
“The Committee on Petroleum Pricing has finished their work and sent in their report. We have received and adopted the report.
“Labour asked for some time to subject the report to their various organs. It is a technical report, so they need further elucidation from their technical and research teams,” Ngige said.
The Minister added the report of the Technical Committee on Electricity Tariff would be ready in a week, citing that the report would be reviewed alongside that of Petroleum Pricing on 22 February.
“The whole essence of what we are arguing about is how to bring not only price stability but also affordability.