…As Oil price hits $81.69 per barrel***
The continued labour unrest in the country could deny workers their salaries, the Accountant-General of the Federation (AGF), Ahmed Idris, has warned.
A statement by Ifeanyi Okereke, For: Head of Press and Public Relations (OAGF), Ahmed Idris, said the payment of salaries cannot be achieved in an atmosphere where the critical stakeholders are not allowed access to their offices.”
The AGF said: “Salary payment involves a number of processes that do not begin and end with the OAGF. There are other critical stakeholders like the Cash Management Department in the Ministry of Finance and others that are supposed to do their beat before we can finalise.
“We have a standing order from Mr. President to pay workers salaries from the 25th of every month, which we have striven hard to fulfill to Nigerian workers and this month will not be an exception,” Idris stated. t He said on coming to the office ysterday, “we met the gates of the office locked and wondered how we can keep this promise if we are being locked out of the office.
“After speaking with the local arm of the Labour in the office on the need to pay salaries, they conceded to allow me and some of my staff in, but the Gates are still locked. I therefore appeal to labour to open our gates so that we can have unhindered access to meet their needs”.
The AGF appealed to the National Leadership of Labour to reconsider their stand on the on-going strike saying that the Federal Government under President Muhammadu Buhari more than ever has demonstrated high commitment towards meeting the welfare of the Nigerian Workers.
Idris urged Labour to trust President Muhammadu Buhari “and return to the path of discussion, and negotiation, as the President has demonstrated enough commitment by setting up the tripartite committee. The committee which is headed by Ms. Amal Pepple is saddled with the responsibility of consulting widely with stakeholders with a view to coming up with a realistic and acceptable minimum wage.”
In the meantime, oil price, yesterday, reached $81.69 per barrel; suggesting that the price may reach $82 per barrel soon in the event that the price continues its upward movement.
This followed allegation by United States President, Donald Trump that Organisation of Petroleum Exporting Countries (OPEC), is behind the rise in price of crude for its member state, amid sanctions on Iran by US.
The report said the decision by U.S to sanction Iran has sent the oil prices higher, adding that the price would increase further if US refused to lift the sanction.
Oil prices may remain in the bull domain amid concern that U.S sanctions on Iranian crude of exports will result in much tighter market conditions, when it takes place in November.
Citing Stephen Lines Brokerage, it said OPEC is expecting the decline in Iran exports to reach 1.4 million barrels per day,if the sanctions continues.