APC begs TUC, labour unions to shelve planned industrial action —
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APC begs TUC, labour unions to shelve planned industrial action

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RULING All Progressives Congress, APC, has pleaded with the leadership of Trade Union Congress, TUC, and organised labour to reason with government on the inevitability of its policy on petrol subsidy removal and deregulation, insisting government can no longer afford the luxury, and shelve the proposed industrial action.

The ruling party, on Tuesday, in a statement said it is not oblivious of the financial strains brought by the increase in fuel pump price and electricity rates.

It, therefore, urged Nigerians to endure the pains now, and enjoy the gains later.

In a statement issued by the deputy national publicity secretary, Yekini Nabena, APC said the reviews were crucial and hard thought decisions by the government.

“On the positive side, the short and long-term benefits on the citizenry and our national life will become obvious and directly felt in critical sectors such as health, education, infrastructure and social services targeted at the poor.

“We point to shocking estimates by the Nigerian Institute for Social and Economic Research, NISER, which reports that the budget for fuel subsidies in 2019 was sufficient to enroll the entire population of Nigeria in the National Health Insurance Scheme, NHIS. Further, fuel subsidies have taken over N10 trillion of our national resources since 2006.

“Atleast, the generality of Nigerians and stakeholders agree on a thousand and one reasons why fuel subsidy has become unsustainable. The perceived benefits of fuel subsidies have long been overtaken by the previous corruption and drain on scarce resources that should be directed to other critical sectors,” the party stated.

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