April 19, 2024
Labour, NECA, NYCN Reject Subsidy Removal, Palliatives
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Labour, NECA, NYCN Reject Subsidy Removal, Palliatives

The Federal Government’s planned removal of petrol subsidy and its decision to secure an $800 million World Bank facility as a palliative to cushion the effect on the people came under increased opposition yesterday.

 

The resistance came from Nigeria Labour Congress, NLC, Trade Union Congress, TUC, Nigeria Employers Consultative Association, NECA, and northern youths, under the aegis of the Northern Youth Council of Nigeria, NYCN.

 

While NLC, TUC and NECA insisted that there would be no fuel subsidy removal without local refining of crude, while also kicking against the $800 million palliative, the northern youths threatened to embark on mass action should government remove subsidy, stating that the $800 million palliative will be looted by government officials.

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