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    • Tinubu Hails Nigerian Military After Swift Intervention Stops Coup Attempt in Benin Republic

    Fuel Supply and Pricing in Nigeria Remain Under Watch as Subsidy Changes Deepen Market Tensions.

    Central Bank Holds Steady on Monetary Policy as Inflation Pressures Persist.

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Subsidy Removal: Labour Condemns Govt. Palliatives

ogelenews by ogelenews
July 25, 2023
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The removal of fuel subsidy in Nigeria has sparked widespread protests and criticisms from various groups, including the Nigerian Labour Congress (NLC) and university workers. The NLC has threatened to take action against the Federal Government’s decision and plans to give an ultimatum, demanding the government to make amends to address the economic pains and hardships caused by the fuel price hike.

University workers, represented by unions like the Senior Staff Association of Nigerian Universities and the Academic Staff Union of Universities, expressed their displeasure, stating that the subsidy removal was unintelligent and had led to increased hardship for both workers and students.

The Trade Union Congress (TUC) has also faulted plans to allow state governments to roll out palliatives to cushion the effects of the subsidy removal, expressing distrust in the state governors’ management of the process. The TUC emphasized the need for specific and transparent palliatives to address the hardships faced by Nigerians.

Protests against the fuel subsidy removal were also held in Edo State, with citizens voicing their displeasure over the sharp increase in fuel pump prices and the consequent rise in the cost of living.

The Kwara State Governor, AbdulRahman AbdulRazaq, announced palliatives to mitigate the effects of the fuel subsidy removal in the state, including cash support for public sector workers and new allowances for medical personnel.

The removal of the fuel subsidy has led to widespread economic challenges, with citizens grappling with increased transportation expenses and rising costs of goods and services. The government’s decision to remove the subsidy has drawn criticism from various quarters, as citizens express their dissatisfaction with the current situation.

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