Labour Gives FG Conditions For Removing Fuel Subsidy

The Trade Union Congress on Saturday gave conditions for the removal of fuel subsidies.

The Federal Government has hinted that it may end the subsidy programme in June but the move has been opposed in several quarters.

At the end of its National Executive Council, the TUC in a communique said the government must ensure that local refineries are operational before such a move is implemented.

While highlighting the “worrisome economic situation and the rising cost of living in the country”, the TUC said both federal and state governments should put in place measures to ensure “food security and infrastructural development.”

It directed its state councils and affiliates to prepare for “industrial actions” if the government goes ahead with its removal plans without meeting the conditions.

“The Proposal by National Council of State on the final removal of subsidy on Premium Motor Spirit (PMS) as from June 2022 should take into consideration the attendant economic impact on the masses,” the TUC communique, signed by its President Quadri Olaleye and Secretary-General Musa-Lawal Ozigi, said.

“There must be assurances that refineries are fully overhauled and establishment of modular refineries encouraged.”

The trade congress noted that the effective policing of the nation’s borders to stem the rate of petroleum products smuggling must also be implemented.


Discover more from LN247

Subscribe to get the latest posts sent to your email.

Advertisement

Most Popular This Week

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More from Author

Advertisement

Read Now

EFCC Summons 146 Christian Pilgrim Commission Officials Over Alleged Fraud

The Economic and Financial Crimes Commission (EFCC) has launched an investigation into the Nigeria Christian Pilgrim Commission (NCPC) over alleged misappropriation of public funds. A reliable source within the EFCC disclosed that 146 NCPC staff members, including both active and retired personnel, have been summoned for questioning at...

Price Hike: Dangote Refinery Blames Global Oil Prices

Dangote Refinery has explained why it recently adjusted the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol from N899 to N955 per litre. Dangote Refinery announced the increase in price of petrol on 17 January. Explaining the reason for the hike, Anthony Echiejina, Head of Corporate...

Diezani Denies Link with Repatriated $52.8m Loot

Former Minister of Petroleum Resources, Diezani Alison-Madueke has distanced herself from the $52. 8m recently repatriated to Nigeria from the United States of America (USA). Contrary to reports, the ex-minister, who has been in the United Kingdom (UK) since she left Nigeria, said the money does not belong to...

Discover more from LN247

Subscribe now to keep reading and get access to the full archive.

Continue reading