CSO to FG: Consider short-term reduction of petrol price | Resolutions must favour Nigerians
In a statement on Wednesday, Faith Nwadishi, executive director of CTA, said the joint committee constituted by the government and organised labour should develop a transparent implementation plan for the resolutions.the planned strike and mass protest against the removal of petrol subsidy, to continue negotiations with the government.
She said the government should consider the short-term plan of reducing the price of petrol to alleviate the pains the subsidy removal will have on citizens. “The need for an immediate reduction in the price of premium motor spirit to reflect the proposed date of subsidy removal, which is set for the 30th of June 2023. This reduction is crucial to alleviate the sudden financial burden on citizens while the palliatives plan is implemented immediately.
“Lowering the PMS price in anticipation of the subsidy removal will provide immediate relief to citizens, ensuring that their pains are cushioned during this transitional period.”The executive director said the federal government, TUC, and NLC should clarify the specific timeframe for the utilisation of the World Bank loan of $800 million.
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