• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, July 17, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Suspension of fuel subsidy removal excites Nigerian Labour

Subsidy

The Matters Press by The Matters Press
April 28, 2023
Reading Time: 2 mins read
0
Nigeria has not taken decision yet on fuel subsidy

The Organised Labour has described the Federal Government’s decision to suspend the removal of fuel subsidy as the “best option”.

RELATED POSTS

Befitting honour for former President Buhari commendable – TMSG

17-member committee for burial of Buhari

Lagos falls flat to APC

Mr Benson Upah, Head of Information, Nigeria Labour Congress (NLC) said this to newsmen while reacting to the recent suspension of the subsidy removal by the Federal Government on Thursday in Abuja.

It would be recalled that earlier, the National Economic Council (NEC) had planned for the removal of subsidy on petroleum product.

According to Upah, we are glad that they have begun to see the light and decided to do the right thing.

“Because the path they wanted to toe on the detriment of the ordinary Nigerians would have set the country on fire.

“There would have been instantaneous reaction. Of course, we would have been glad to coordinate those reactions.

“But happily, they have beginning to see the light. Our advice would be that they should take a lesson from the document we gave them on the so-called fuel subsidy removal.

The answer cannot be far from domestic production,’’ he said.

He said the decision would enable all the corruption building into the system to be minimised.

Upah, therefore, called on the Federal Government to fix the existing refineries or build new ones, instead of importing refined petroleum products.

Also, Mr Nuhu Toro, Secretary General, Trade Union Congress (TUC) on his part said that the Federal Government’s decision to suspend fuel subsidy removal was a good move.

“Though it’s coming late but the Federal government’s decision to suspend the move to remove fuel subsidy has alluded to the fact that such harsh economic policy ought to have been a product of social dialogue which was not done.

“We told Nigerians earlier on that the policy is ill-timed and is not acceptable. So it is good that the government has done a U-turn because the policy cannot be forced down our throat, ‘’he said.

Toro said that it was good that the government had to rethink its decision on the removal of fuel subsidy.

He also added that refurbishing the existing refineries and production of petroleum products in our country is in the best interest of the country because of the huge advantages.

“First, it would create jobs, make the petroleum products available for consumption and probably reduce the price of the products. It will also guarantee foreign direct investment and make Nigeria a better of place.

“We are confused that our refineries are not working and we have asked over time, why are the refineries not working.

“So there is a strong need for a deliberate effort by the incoming government to ensure that our refineries work.

“All the monies they claim goes to the process of deregulation can actually be utilised to make our refineries functional,’’ he said.

He added that the decision to revise that policy had further vindicated Nigerians as this was the right thing.

He however, charged the incoming government that the instrumentality of social dialogue should be leveraged upon on issues that affect the general project of Nigeria, adding that the voice and interest of Nigerians could be accommodated.

“Policies should not just be drafted overnight and pushed through people’s throat. Nigeria belongs to all of us.

“We are all critical stakeholders and must be part decision making and implementation body to ensuring that our country move forward,’’ he said.

Tags: Subsidy
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Befitting honour for former President Buhari commendable – TMSG
Economy/Technology

Befitting honour for former President Buhari commendable – TMSG

July 17, 2025
Buhari attends inauguration of Barrow of Gambia
Entertainment/sports

17-member committee for burial of Buhari

July 14, 2025
Lagos falls flat to APC
Economy/Technology

Lagos falls flat to APC

July 13, 2025
African intellectuals release letter to world, caution continent on selfness
Economy/Technology

Nigeria celebrates Soyinka at 91

July 13, 2025
China introduces new visa
Economy/Technology

Nigeria maintains issuance of 5-year visa to Americans

July 13, 2025
ADC, AN ASSEMBLAGE OF STRANGE BED FELLOWS, TIRED POLITICIANS– GROUP
Energy

ADC, AN ASSEMBLAGE OF STRANGE BED FELLOWS, TIRED POLITICIANS– GROUP

July 10, 2025
Next Post
Osinbajo advises world leaders to consider the poor in addressing economy, health issues

Osinbajo unveils book, says Nigeria requires green hydrogen investments

CAC, Pakistani investors on economic diversification

CAC wins Legislative Award for Companies and Allied Matters Act

Recommended Stories

Nissan recalls 1,150,000 vehicles in 3 months

Nigeria expects N12bn from new vehicle tax

July 3, 2023
SON alerts on second hand gas cylinders

NLNG to supply 100% LPG production to Nigerian market

January 14, 2022
Bill & Melinda Gates Foundation gets new board members

Bill & Melinda Gates Foundation gets new board members

January 27, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Befitting honour for former President Buhari commendable – TMSG
  • 17-member committee for burial of Buhari
  • Lagos falls flat to APC

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us