The Centre for the Promotion of Private Enterprise (CPPE) has called on all tiers of government in ensuring inclusive, impactful and sustainable palliative
The CEO of CPPE, Dr. Muda Yusuf stated this in a press release to LEADERSHIP yesterday, while commending the Nigeria Labour Congress and the Trade Union Congress for opting for dialogue in resolving the impasse triggered by the fuel subsidy removal.
He noted that, “in truth, the pains inflicted on the citizens, especially, the vulnerable segments of the society, were very severe. A strike action would have further exacerbated an already difficult situation for the citizens. Opting for strike actions should only be a matter of last resort.” Yusuf urged President Bola Tinubu to reciprocate the thoughtful stance of labour by speedily coming up with measures to mitigate the pains of the fuel subsidy removal, saying, “the sufferings are real and affecting the citizens across all segments of our society; public service, private sector, informal sector, artisans, students, SMEs, the unemployed, the aged and pensioners.
“There is therefore a need for urgent responsive actions from all tiers of government. The mitigating measures should be holistic and inclusive and should be driven by a combination of direct interventions, fiscal policy measures and monetary policy actions.” CPPE CEO explained that, “the hardship mitigating measures could be classified into immediate, short term, medium and long term. Such responses would send the right signals to citizens and demonstrate government’s sensitivity to the devastating impact of the subsidy removal on the poor.
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