NLC PLANS MEETING WITH TINUBU ON FUEL SUBSIDY REMOVAL

The Nigeria Labour Congress, NLC on Saturday said it was looking forward to holding a meeting with the incoming administration of the President-elect, Bola Tinubu, over matters relating to the removal of subsidy on Premium Motor Spirit, popularly called petrol.

It, however, insisted that its position on fuel subsidy had not changed, stressing that the government must endeavour to get Nigeria’s refineries functional before taking out subsidy on petrol.

The labour union’s position was also re-echoed by the Independent Petroleum Marketers Association of Nigeria, as IPMAN explained that while it was important to halt the subsidy regime, the government should at the same time strive to fix Nigeria’s refineries in Kaduna, Port Harcourt and Warri.

The NLC Vice President,  Adewale Adeyanju, said though the NLC had already made its position known to the incoming administration, it was looking forward to meeting the President-elect after he has been sworn in on May 29.

On the position of the NLC, he explained that it had advised that the government should get Nigeria’s refineries running, as this would help ameliorate the cost burden of fully deregulated petrol.