The Nigeria Labour Congress, NLC, has immediately knocked President Bola Tinubu’s stance on removal of fuel subsidy.
Tinubu, shortly after taking the reins of power, said an end had come to fuel subsidy.
He said: “We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor. Subsidy can no longer justify its ever-increasing costs in the wake of drying resources. We shall instead re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions.
Reacting, President of Nigeria Labour Congress, NLC, Joe Ajaero, in terse text (according to Vanguard) said “The comment on fuel subsidy removal is not well thought out, coming as an inaugural speech.
“It is going to draw the economy of the country backward by over 50 percent within the next 48 hours. Nigerians will speak in one accord at the appropriate moment.”
Veonewsng observed that hours after the President’s announcement, queues appeared at petrol stations in parts of Lagos, Abuja and Ogun state.
