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TCN Workers Vow to Resist Power Transmission Shutdown

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  • TCN Workers Vow to Resist Power Transmission Shutdown

Workers at the Transmission Company of Nigeria on Wednesday vowed to maintain stiff resistance against the move by the Trade Union Congress to shutdown the electricity transmission arm of the country’s power sector.

It was observed on Wednesday at the headquarters of the TCN in Abuja that employees of the transmission company had been on the alert since Monday after members of the TUC stormed the various offices of the TCN in many parts of the country to halt operations at the firms.

The Chairman, Senior Staff Association of Electricity and Allied Companies, TCN Branch, Abidemi Dairo, told our correspondent that although he and some other employees of TCN sustained injury during the picketing of their office by TUC members, workers at the transmission company would not be deterred in resisting plans to halt power transmission.

“Yes, I was injured when they (TUC) came to picket our headquarters as well as other stations on Monday. But what I want you to know is that we will continue to mount stiff resistance to such actions that aim to shutdown our operations,” he said.

The National President of TUC, Bobboi Kagama, had led members of the union to picket the transmission company in Abuja on Monday.

Kagama stated that the labour union decided to shut down the country’s transmission company because for some time now, workers of the firm had been subjected to inhumane treatment by their management.

He stated that despite the interventions of labour, the TCN management had continued to disregard the Nigerian workers at the firm, adding that the TUC would not accept such unwholesome acts against staff by the transmission company.

The TUC alleged that the Managing Director of TCN, Usman Mohammed, was an agent of foreign donors and on a mission to wind down the transmission company’s operation as a government-owned firm by planning to downgrade and reduce the number of regions of the company.

“He (Mohammed) started by seeking to compromise union leaders in the sector that have opposed his rascality and refused his offers,” Kagama stated.

He said it was on that note that the TUC directed its members to solidarise with the workers and ensure a total shutdown of electricity transmission across the federation through the picketing of TCN offices nationwide on Monday.

On Monday that the TUC asked Nigerians to look for alternative power source beginning from Tuesday, following the union’s plan to shut down the electricity transmission arm of the power sector.

But Dairo refuted the claims of the TUC president and stated that “all the allegations against TCN management, as made by the TUC, are false.”

He added, “It is unfortunate that the TUC president is being fed with wrong information about the happenings here in TCN and we have approached him several times to try and make him understand that there is no disharmony in the transmission company and, as such, there is no need to shut down the company.”

Also, the TCN described the protest and planned shutdown of its operations by the TUC as ill-motivated, stressing that it was wrong for the labour union to claim that there was industrial disharmony in the transmission company.

The General Manager, Public Affairs, TCN, Ndidi Mbah, told our correspondent that there was no iota of truth in the statement credited to the labour union that there was industrial unrest in the company.

The transmission company stated that “TUC was ill-informed by Chris Okonkwo, the current president of the Senior Staff Association of Electricity and Allied Companies, having lost the support of TCN staff in his bid to use the association to advance his selfish interest.”

It added, “TCN management believes that the TUC, unknown to the union, is being used by unpatriotic elements. The TUC, as a law-abiding organisation, is expected to find out why Okonkwo could not secure the support of TCN staff, the NUEE (National Union of Electricity Employees) or SSAEAC TCN Branch before accepting to lead the picketing of TCN.”

TCN stated that it was unfortunate that the union picketed the transmission company despite being served an order from the Industrial Court of Nigeria in suit No. NICN/ABJ/121/2019, which restrained the TUC “from picketing or any industrial action, or further industrial action against the claimant pending the hearing and determination of the Motion on Notice.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Economy

NNPC Supplies 1.44 Billion Litres of Petrol in January 2021

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The Nigerian National Petroleum Corporation (NNPC) supplied a total of 1.44 billion litres of Premium Motor Spirit popularly known as petrol in January 2021.

The corporation disclosed in its latest Monthly Financial and Operations Report (MFOR) for the month of January.

NNPC said the 1.44 billion litres translate to 46.30 million litres per day.

Also, a total of 223.55Billion Cubic Feet (BCF) of natural gas was produced in the month of January 2021, translating to an average daily production of 7,220.22 Million Standard Cubic Feet per Day (mmscfd).

The 223.55BCF gas production figure also represents a 4.79% increase over output in December 2020.

Also, the daily average natural gas supply to gas power plants increased by 2.38 percent to 836mmscfd, equivalent to power generation of 3,415MW.

For the period of January 2020 to January 2021, a total of 2,973.01BCF of gas was produced representing an average daily production of 7,585.78 mmscfd during the period.

Period-to-date Production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and Nigerian Petroleum Development Company (NPDC) contributed about 65.20%, 19.97 percent and 14.83 percent respectively to the total national gas production.

Out of the total gas output in January 2021, a total of 149.24BCF of gas was commercialized consisting of 44.29BCF and 104.95BCF for the domestic and export markets respectively.

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Economy

NNPC Says Pipeline Vandalism Decrease by 37.21 Percent in January 2021

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The Nigerian National Petroleum Corporation (NNPC) said vandalisation of pipelines across the country reduced by 37.21 percent in the month of January 2021.

This was disclosed in the January 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR).

The report noted that 27 pipeline points were vandalised in January 2021, down from 43 points posted in December 2020.

It also stated that the Mosimi Area accounted for 74 percent of the total vandalised points in Janauray while Kaduna Area and Port Harcourt accounted for the remaining 22 percent and 4 percent respectively.

NNPC said it will continue to engage local communities and other stakeholders to reduce and eventually eliminate the pipeline vandalism menace.

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Economy

Nigeria’s Food Inflation Hits 22.95 Percent in March 2021

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Food inflation in Africa’s largest economy Nigeria rose by 22.95 percent in March 2021, the latest report from the National Bureau of Statistics (NBS) has shown.

Food Index increased at a faster pace when compared to 21.70 percent filed in February 2021.

Increases were recorded in Bread and cereals, Potatoes, yam and other tubers, Meat, Vegetable, Fish, Oils and fats and fruits.

On a monthly basis, the food sub-index grew by 1.90 percent in March 2021. An increase of 0.01 percent points from 1.89 percent recorded in February 2021.

Analysing a more stable inflation trend, the twelve-month ended March 2021, showed the food index averaged 17.93 percent in the last twelve months, representing an increase of 0.68 percent when compared to 17.25 percent recorded in February 2021.

Insecurities amid wide foreign exchange rates and several other bottlenecks that impeded free inflow of imported goods were responsible for the surged in prices of goods and services in March, according to the report.

The Central Bank of Nigeria-led monetary policy committee had attributed the increase in prices to scarcity created by the intermittent clash between herdsmen and farmers across the nation.

However, other factors like unclear economic policies, increased in electricity tariffs, duties, subsidy removal and weak fiscal buffer to moderate the negative effect of COVID-19 on the economy continue to weigh and drag on new investment and expansion of local production despite the Federal Government aggressive call for improvement in domestic production.

Nigeria’s headline inflation rose by 18.17 percent year-on-year in the month under review.

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