Labour Party Faults Tinubu’s Approach on Subsidy Removal – THISDAYLIVE

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Labour Party Faults Tinubu’s Approach on Subsidy Removal – THISDAYLIVE
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Emameh Gabriel in Abuja The Labour Party (LP) has expressed shock over what its described as the untimely removal of fuel subsidy by President Bola Ahmed Tinubu during his inauguration

The Labour Party has expressed shock over what its described as the untimely removal of fuel subsidy by President Bola Ahmed Tinubu during his inauguration speech on Monday, May 29.

He said though Labour Party had, during its campaign promised to end the subsidy regime, but would not have gone ahead to announce the removal by a presidential fiat without working out modalities to cushion the effects it might have on the people. “Labour Party while campaigning in the last election also proposed ending the subsidy regime however, on the condition that necessary policies and actions would have to be in-situ. Labour Party also insists that the subsidy removal will be gradual and must be done with stakeholders’ input having in mind that a number of refineries will be recalibrated to near optimal functionality.

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