By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.
  • News
    • News Menu
  • Business
  • Economy
  • Governance
  • Politics
    • North Central
      • Benue Update
      • Kogi Update
      • Kwara Update
      • Nasarawa Update
      • Niger Update
      • Plateau Update
      • FCT Update
    • North East
      • Adamawa Update
      • Bauchi Update
      • Borno Update
      • Gombe Update
      • Taraba Update
      • Yobe Update
    • North West
      • Jigawa Update
      • Kaduna Update
      • Kano Update
      • Katsina Update
      • Kebbi Update
      • Sokoto Update
      • Zamfara Update
    • South East
      • Abia Update
      • Anambra Update
      • Ebonyi Update
      • Enugu Update
      • Imo Update
    • South South
      • Akwa Ibom Update
      • Bayelsa Update
      • Cross River Update
      • Delta Update
      • Edo Update
      • Rivers Update
    • South West
      • Ekiti Update
      • Lagos Update
      • Ogun Update
      • Ondo Update
      • Osun Update
      • Oyo Update
  • Sports
    • SOCCER
      • Football
      • Sports
      • AFCON
      • NPFL
      • Premier League
    • EURO SOCCER
      • Champions League
      • Europa Conference
      • Europa League
      • La Liga
      • Boxing
      • Tennis
      • UFC
  • Editorial
  • MORE
    • Opinion
    • Entertainment
    • Investigation
    • Politics Lite
    • Publications
    • Travelogue
Reading: Subsidy Removal: NLC kicks, urges Tinubu to put palliative measures in place
Share
Notification Show More
Font ResizerAa
Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports.
Font ResizerAa
  • Politics
  • Business
  • Technology
  • News
    • News Menu
  • Business
  • Economy
  • Governance
  • Politics
    • North Central
    • North East
    • North West
    • South East
    • South South
    • South West
  • Sports
    • SOCCER
    • EURO SOCCER
  • Editorial
  • MORE
    • Opinion
    • Entertainment
    • Investigation
    • Politics Lite
    • Publications
    • Travelogue
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports. > Blog > News > Subsidy Removal: NLC kicks, urges Tinubu to put palliative measures in place
News

Subsidy Removal: NLC kicks, urges Tinubu to put palliative measures in place

admin
Last updated: May 30, 2023 6:33 pm
admin
3 years ago
Share
SHARE

The Nigeria Labour Congress (NLC) has lambasted new President Bola Tinubu for removing fuel subsidy without due consultations, urging him to ensure palliative measures are put in place to ease workers’ sufferings.

Mr Joe Ajaero, the NLC President, made the appeal in a statement made available to newsmen on Tuesday in Abuja.

It would be recalled that Tinubu announced the fuel subsidy removal during his inaugural speech on Monday, saying that subsidy can no longer justify its ever-increasing costs in the wake of drying resources.

Tinubu pledged to re-channel the funds into better investment in public infrastructure, education, healthcare and jobs that would materially improve the lives of millions.

Ajaero said that the NLC would staunchly oppose the decision.

“We at the Nigeria Labour are outraged by the pronouncement of President Bola Tinubu removing ‘fuel subsidy’ without due consultations with critical stakeholders.

“Or without putting in place palliative measures to cushion the harsh effects of the ‘subsidy removal,” he said.

He said that within hours of Mr President’s pronouncement, the nation had gone into a tailspin due to a combination of service shut downs and product price hike, in some places representing over 300 per cent price adjustment.

He said that by the decision, Tinubu on his inauguration day had brought tears and sorrow to millions of Nigerians instead of hope.

The NLC president also said that Mr President had equally devalued the quality of their lives by over 300 per cent and counting.

According to him, it is no heroism to commit against the people this level of cruelty at any time, let alone on an inauguration day.

“If he is expecting a medal for taking this decision, he would certainly be disappointed to receive curses for the people of Nigeria consider this decision not only a slight but a big betrayal.

“On our part, we are demanding the immediate withdrawal of this policy. The implications of this decision are grave for our security and well-being.

“We wonder if President Tinubu gave a thought to why his predecessors in office refused to implement this highly injurious policy decision?”.

He added that “we also wonder if he also forgot the words he penned down on January 8, 2012, but issued on January 11, 2012.

“In light of the foregoing, we advise Tinubu to respect his own postulations and economic theories instead of daring the people. It could be a costly gamble,” he cautioned. 

You Might Also Like

#EndBadGovernance: Court grants N10m bail on each 10 Protesters 
Former EFCC Chairman, Larmode To Be Buried Today 
Police Denies IGP Involvement in Alleged Money Smuggling Scheme
Six Nigerian Governors Get New Appointments
Bayelsa Teachers Threaten Indefinite Strike Over N30,000 Minimum Wage
TAGGED:FEDERAL GOVERNMENT OF NIGERIANLCNNPCL
Share This Article
Facebook Email Print
Previous Article Reps hail fuel subsidy removal, appeal for calm
Next Article U-20 W/Cup: F’ Eagles will not be intimidated by Argentina crowd – Bosso
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Find Us on Socials

© Nigerian Anchor. All Rights Reserved.
na_logo
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
[mc4wp_form]
Zero spam, Unsubscribe at any time.
NA Logo For Search
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?