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Senate backs subsidy removal


Senate on Tuesday supported the federal government’s decision to peg the pump price of petrol at N145 per litre after over one hour closed door session

The House of Representatives on Monday during special session fuel hike had urged the leadership of the Nigeria Labour Congress to suspend the union’s planned strike to protest the removal of subsidy on petrol by the Federal Government.

‎After the closed door session which was presided by Deputy Senate President, Senator Ike Ekweremadu, the senate called on the government to parley labour unions to forestall the threatened strike.

Ekweremadu said the senate sympathised with Nigerians for the hardship which the new prices of petrol will cause and called on the government to implement the palliatives.

“The senate in a closed session deliberated on the increase in the pump price of PMS by the federal government and the threats by the organised Labour to embark on a nationwide strike.

“We resolved as follows: that we sympathise with ordinary people of Nigeria on the hardships they are going through.

“That the senate will engage the federal government to find sustainable ways of improving the welfare of the people of Nigeria.

“That we call on government to continue to engage the organised labour and other stakeholders to resolve issues in order not to ground the system and impose more hardships on our people.

“That government should immediately start implementing palliative measures contained in the 2016 Appropriation Act passed by the National Assembly.”

Daily Champion recalled that Federal Government had on last week officially ended the subsidy regime on premium motor spirit, popularly known as petrol, and will allow market forces determine the cost of the product.

This was reached during an extensive meeting held at the headquarters of the Nigerian National Petroleum Corporation in Abuja.

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