This comes amid fuel shortages across the country occasioned by President Bola Tinubu’s inaugural speech in which he declared that “fuel subsidy is gone”.
This comes amid fuel shortages across the country occasioned by President Bola Tinubu’s inaugural speech in which he declared that “fuel subsidy is gone”.
NLC President Joe Ajaero made the announcement after an emergency meeting of the union’s National Executive Council (NEC) in Abuja, Channels TV reports.
He said the government, particularly the Nigerian National Petroleum Company (NNPC) Limited had up until Wednesday next week to revert to the old price of Premium Motor Spirit (PMS) otherwise referred to as petrol.
Ajaero added that failure of the Federal Government to meet the ultimatum would attract an indefinite protest across the country.
Tinubu And The Subsidy Debate
On Monday during his inaugural speech at the Eagle Square in Abuja, Tinubu said the era of subsidy payment on fuel has ended, adding that with the 2023 budget making no provision for fuel subsidy, further payment was no longer justifiable.
“The fuel subsidy is gone,” Tinubu said. His government would instead channel funds into infrastructure and other areas to strengthen the economy, he added.
The presidential pronouncement led to an almost instant resurgence of fuel queues across the country with Nigerians foraging for the premium product.
On Wednesday, an hours-long meeting between the Federal Government and the NLC on the matter ended without a consensus.
The Federal Government representatives included Dele Alake, the spokesperson for President Bola Tinubu; and the Group CEO of the NNPC, Mele Kyari, Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele; and former Edo State Governor Adams Oshiomhole.
On the organised labour’s side, the NLC National President, Joe Ajaero; and the President of the Trade Union Congress of Nigeria (TUC), Festus Osifo, were present.
The NLC demanded that the Federal Government return to status quo by reversing the price of fuel before resuming negotiations with labour.
Ajaero insisted that the Federal Government did not enter into any conversation even on palliative measures for Nigerians, hence the rejection of the latest announcement.
