The Centre for the Promotion of Private Enterprise (CPPE) has commended the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) for opting for dialogue in resolving the impasse triggered by the fuel subsidy removal.
While noting that the pains inflicted on the citizens, especially the vulnerable segments of the society, by the policy, were very severe, it added that a strike action would have further exacerbated an already difficult situation for the citizens.
CPPE in a statement by its director, Dr Muda Yusuf, urged President Bola Ahmed Tinubu to reciprocate the thoughtful stance of labour by speedily coming up with measures to mitigate the pains of the fuel subsidy removal.
He said “The sufferings are real and affect the citizens across all segments of our society.
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There is therefore a need for urgent responsive actions from all tiers of government. The mitigating measures should be holistic and inclusive and should be driven by a combination of direct interventions, fiscal policy measures and monetary policy actions”.
He suggested measues to include the acceleration of the Presidential Power Initiative to upscale power supply in the country, NNPC to sell petroleum products at a price which is 10% less than that of other private sector marketers, an end to the pricing of gas in dollars for domestic use, especially for manufacturers and urgent steps to reduce the cost of LPG to households.
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