Retired Fed. Perm Secs back increased gas prices, power tariff

Speaking on behalf of the association, the Chairman of the Council, Chief Philip Asiodu said President Jonathan should continue with the process of deregulating the oil and gas sector and divert subsidy to fund road maintenance and construction education.

 According to Asiodu, the current price regime for gas and power is unattractive to investors thus, it should be priced right.

He however, didn’t suggest what price would be right to woo foreign and indigenous investors in to the industry.

 He also called for the review of pensions paid to all retirees in Nigeria including federal permanent secretaries to reflect the economic reality.

 He said the review of the pension of retires is necessary, due to harsh economic realities particularly rising inflation.

 “Given inflationary trends, pensioners deserve more pay. Thus, when salaries are reviewed, pensions should also be revised. But this hasn’t been done even with the recent reported salary increment.”