Nigeria Suspends Subsidy Removal

Nigeria Suspends Subsidy Removal

Despite the Federal Government’s announcement that it would not abolish the fuel subsidy for the time being, the Nigeria Labour Congress would continue with its planned nationwide demonstration on Thursday.

The NLC has written to the 36 state governors ahead of the mass march, requesting that the fuel subsidy be reinstated, as scheduled in June.

The NLC stated that the constant increase in the price of gasoline and other refined petroleum products at the pump was a result of the government’s incapacity to efficiently rule the country.

But the Minister of Finance, Budget and National Planning, Zainab Ahmed; and the Minister of State Petroleum Resources, Timipre Sylva; at the National Assembly on Monday said the Federal Government had suspended the plan to remove fuel subsidy.

Despite the new development, the Assistant General Secretary, NLC, Asuzu Echezona, confirmed that the rally would go on as planned. “We are continuing with preparation for the protests,” he clarified on Thursday night.
Also,  the Ogun State Chairman of the NLC, Emmanuel Bankole, in an interview with The PUNCH, said the union was going ahead with the protest.

He stated, “The congress observed a game plan and deceit in the new development hence, there is no going back in the planned protest scheduled in the state against the plan by the Federal Government.

The letter titled, ‘Petition by Nigerian workers against the proposed increase in the price of Premium Motor Spirit,’ stated, “The Federal Government should announce the withdrawal of its plans to increase the pump price of petrol.

“There is no gainsaying the fact that the perennial increase of the pump price of petrol and other refined petroleum products by the government is actually a transfer of government failure and inability to effectively govern to the poor masses of our country.

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