Nationwide Protest: NLC Exposes FG Over Claim of Saving N1trn on Subsidy Removal

Nationwide Protest: NLC Exposes FG Over Claim of Saving N1trn on Subsidy Removal

  • Comrade Joe Ajaero, the NLC president, has disclosed that the FG's committee designated to negotiate with the labour unions revealed that nothing has been saved since the subsidy was removed
  • This was made public during a protest at the National Assembly on Wednesday
  • Ajaero's comment is coming after President Tinubu claimed that in two months over N1 trillion that would have been squandered on the unproductive fuel subsidy, was saved

The Nigeria Labour Congress (NLC) has refuted President Bola Tinubu's claim that over N1 trillion has been saved since his government stopped paying for fuel subsidy.

Speaking during the ongoing nationwide protest of organised labour, Comrade Joe Ajaero, the NLC president, said the Federal Government's committee put together to negotiate with the unions revealed that no money was saved since the subsidy was removed.

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NLC, FG, Tinubu
The Nigerian Labour Congress and other affiliated unions commenced nationwide protest on Wednesday, August 2. Photo Credit: NLC
Source: Facebook

Ajaero, who spoke alongside Festus Osifo of the Trade Union Congress (TUC) as they led protesters to the National Assembly on Wednesday, August 2, said:

“Mr President talked about N1trillion saved. The committee where we meet, they told us that no one kobo has been saved so far. Therefore, we have not agreed on what to pay anywhere.”

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What Tinubu said about subsidy funds

Meanwhile, President Tinubu, in a nationwide broadcast on Monday, July 31, said about N1 trillion was saved since the fuel subsidy payment stopped.

Tinubu's words:

“In a little over two months, we have saved over a trillion Naira that would have been squandered on the unproductive fuel subsidy which only benefitted smugglers and fraudsters. That money will now be used more directly and more beneficially for you and your families."

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Meanwhile, members of the Nigeria Labour Congress (NLC) have commenced nationwide protests over the removal of petrol subsidies, and some demonstrators stormed the National Assembly.

The protesters converged in Lagos, Abuja, and other parts of Nigeria to show their displeasure with the state of the nation.

Last Wednesday (July 26), NLC issued a seven-day ultimatum to the federal government to reverse all “anti-poor” and “insensitive” policies.


Segun Adeyemi avatar

Segun Adeyemi (Current Affairs and Politics Editor) Segun Adeyemi is a journalist with over 9 years of experience as an active field reporter, editor, and editorial manager. He has had stints with Daily Trust newspaper, Daily Nigerian, and News Digest. He currently works as an editor for's current affairs and politics desk. He holds a degree in Mass Communication (Adekunle Ajasin University). He is a certified digital reporter by Reuters, AFP and the co-convener of the annual campus journalism awards. Email:

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