- Two months after President Bola Tinubu scrapped a popular but costly fuel subsidy, petrol prices rose to N617 per litre
- Prices were updated nationwide in July from 557 naira per litre at fuel stations across the nation
- Now, in a fresh interview, Joe Ajaero, the Nigeria Labour Congress (NLC) boss, said he prefers the reintroduction of subsidy
Ajaero said this while speaking on Channels Television’s Politics Today on Tuesday night, October 3. The interview was monitored by Legit.ng.
NLC president speaks on fuel subsidy removal
It would be recalled that President Bola Tinubu announced the removal of subsidy on Premium Motor Spirit (petrol) in his speech at his inauguration on May 29. Since then, the price of petrol has tripled across major cities from less than N200 per litre to about N600 per litre.
PAY ATTENTION: Donate to Legit Charity on Patreon. Your support matters!
"I will be the happiest person for them to reintroduce subsidy so that prices of PMS will return to N185.
"So if they are gradually or instalmentally bringing it back, now you will see that it would be a plus to not only the workers but to all Nigerians.
"Prior to now, the impression they gave to us was that nobody is being subsidised, that the money was going to the people who are just importing."
"Now, if we take it from the point of N185 per litre, you discover that for every litre Nigerians decide to buy, you have N400 in it. You don't need any mathematician to tell you that the government is subsidising it.
"If as at today, they are subsidising it at six hundred and something, I would not say remove the sealing. Even for the sake of accountability, I would know that they (the federal government) have realised their mistake and probably they want to see how they can correct it."
“My husband not a magician”: Remi Tinubu
In a piece of related news, Legit.ng reported that Nigeria's First Lady, Oluremi Tinubu, said President Tinubu is focused on fixing the country’s problems.
She, however, said her husband should not be seen as a magician.
NLC speaks on alleged agreement with FG
The NLC Head of Information and Public Affairs, Benson Upah, said the union did not enter into any pact with the Nigerian government.