Skip to content
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
Watch Online
  • Home
  • Business & Economy
  • It’s good the FG had a rethink on suspension of fuel subsidy removal – Labour
  • Business & Economy

It’s good the FG had a rethink on suspension of fuel subsidy removal – Labour

Admin April 28, 2023
ekiti state

Michael Ojo

April 28, 2023

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

Mr. Benson Upah, Head of Information, Nigeria Labour Congress (NLC) said this to newsmen while reacting to the recent news of 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 was to the detriment of the ordinary Nigerians and 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 are beginning to see the light. Our advice would be that they 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 minimise corruption in the system.

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.(NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Mr. Benson Upah Mr. Nuhu Toro NEC NLC TUC

Post navigation

Previous NIDCOM says over 3,000 Nigerians residing in Sudan, gives updates on 5,500 Nigerian students
Next Thailand Widens Investigation Into Woman Suspected of Killing 13 With Cyanide

Related Stories

Asia buys up African, Brazilian oil as shipping costs fall
  • Business & Economy
  • Music

Asia buys up African, Brazilian oil as shipping costs fall

November 13, 2026
Stock market sheds N293bn as profit-taking lingers; Okomu oil, NASCON lead losers
  • Business & Economy

Stock market sheds N293bn as profit-taking lingers; Okomu oil, NASCON lead losers

November 12, 2026
Nigeria crude oil production hits 1.68mbopd – NUPRC
  • Business & Economy

Nigeria crude oil production hits 1.68mbopd – NUPRC

November 11, 2026

You may have missed

Yiaga Africa: Youth participation in 2027 elections declines by 20%
  • National News

Yiaga Africa: Youth participation in 2027 elections declines by 20%

November 13, 2026
Magistrate Disowns Alleged Takeover Order on Guzape Property, Orders Police to Restore Possession FG vs ASUU
  • National News

Magistrate Disowns Alleged Takeover Order on Guzape Property, Orders Police to Restore Possession

November 13, 2026
Asia buys up African, Brazilian oil as shipping costs fall
  • Business & Economy
  • Music

Asia buys up African, Brazilian oil as shipping costs fall

November 13, 2026
Gov. Lawal appoints 282 SSAs to strengthen inclusive governance
  • metro

Gov. Lawal appoints 282 SSAs to strengthen inclusive governance

November 13, 2026
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
Copyright © All rights reserved. | DarkNews by AF themes.