Subsidy Removal Policy Has Grave Implications, Says NLC

Nigeria News News

Subsidy Removal Policy Has Grave Implications, Says NLC
Nigeria Latest News,Nigeria Headlines
  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 77%

The organised labour has kicked against President Bola Ahmed Tinubu’s policy statement on the fuel subsidy removal, saying it has grave implications for the

The president while delivering his inaugural speech yesterday in Abuja, informed Nigerians that the era of fuel subsidy is gone.

According to the president, funds for subsidies will be diverted to other things like public infrastructure, education, health care and jobs. However, the development hasn’t gone down well with organised labour which has repeatedly rejected several moves to remove fuel subsidy in the past. Reacting to the development, head information department of the Nigeria Labour Congress , Comrade Benson Upah said the organised labour was not aware of the president’s consultation with critical stakeholders before embarking on the decision.

Benson, who described the move as having grave implications on national polity, said the labour centre is waiting keenly for when the policy will translate into figures before responding.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

LeadershipNGA /  🏆 4. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JUST IN: Petrol Queues Resurface After President Tinubu Announced Fuel Subsidy Removal | Sahara ReportersJUST IN: Petrol Queues Resurface After President Tinubu Announced Fuel Subsidy Removal | Sahara ReportersPetrol stations in Lagos started witnessing queues few hours after President Bola Tinubu announced that “fuel subsidy is gone”. Some Nigerian National Petroleum Corportation (NNPC) stations in Ikeja, Alausa were crowded by motorists who rushed to buy the product. Many private stations were not selling as of the time of filing this report, Daily Trust reports. SaharaReporters earlier reported that the newly inaugurated Nigerian president officially announced the removal of fuel subsidy, saying that there was no provision for it.
Read more »

PHOTOS: Queues return to Lagos, Abuja after Tinubu's petrol subsidy removal speech | TheCablePHOTOS: Queues return to Lagos, Abuja after Tinubu's petrol subsidy removal speech | TheCableShortly after President Bola Tinubu announced the cancellation of petrol subsidy, queues for the product have resurfaced in parts of the country.
Read more »

Down stream sector players commend Tinubu over fuel subsidy removal - Punch NewspapersDown stream sector players commend Tinubu over fuel subsidy removal - Punch NewspapersDown stream sector players commend Tinubu over fuel subsidy removal
Read more »

Fuel queues hit Abuja, other cities as Tinubu announces subsidy removalFuel queues hit Abuja, other cities as Tinubu announces subsidy removalSubsidy can no longer justify its ever-increasing costs in the wake of drying resources, Mr Tinubu said.
Read more »

PDP chieftain blasts Tinubu over fuel subsidy removalPDP chieftain blasts Tinubu over fuel subsidy removalA member of the National Executive Committee of the Peoples Democratic Party, Timothy Osadolor, has taken a swipe at President Bola Tinubu over his decision to remove subsidy from the Petroleum Motor Spirit also known as fuel.
Read more »

IPMAN opposes Tinubu subsidy removal plan, queues returnIPMAN opposes Tinubu subsidy removal plan, queues returnThe Independent Petroleum Marketers Association of Nigeria has opposed the plan by President Bola Tinubu to enforce his predecessor’s decision to remove fuel subsidy by June ending.
Read more »



Render Time: 2025-03-01 20:57:59