27 January 2012
The Justice Alfa Belgore-led committee on the deregulation of the downstream sector set up by the Federal Government to harmonise issues with the organised labour on fuel subsidy has commenced talks, with cost of governance on the front burner.
The committee, which met Thursday at the Office of the Secretary to the Government of the Federation (SGF), also decided to continue deliberation next week with the Coordinating Minister of the Economy and Minister of Finance, Mrs. Ngozi Okonjo-Iweala, and the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, expected to be in attendance.
Speaking to journalists, President of the Nigeria Labour Congress (NLC), Comrade Abdulwaheed Omar, noted that the meeting was an exploratory one where several issues were addressed especially the cost of governance.
Omar said the situation where 70 per cent of the national budget go to recurrent expenditure was detrimental to the progress and development of the country.