Happening Now: Latest On The Nigerian Fuel Subsidy Removal

By Bewaji Emmanuel

Fuel-Subsidy
NigeriansAbroad

Following the recent sudden increase of fuel price in Nigeria on Wednesday 11 May 2016 from the normal price of #86.50 to #145 per litre, groups and the general public had gone against what has been described as removal of fuel subsidy in the country while the government and the petroleum products pricing regulatory agency (PPPRA) through its acting executive secretary, Mrs Sotonye Iyoyo affirms that there was never a provision for fuel subsidy in the recently signed “2016 budget of change”, it was also stated that that the removal of fuel subsidy and it’s non-provision in the budget was inevitable following the difficulty of oil marketers to obtain forex.

However, groups such as the Nigerian labour Congress (NLC) had since then gone strictly against this development and threatens to commence nation wide strike on Wednesday. Other groups vehemently against the hike in fuel price and threatening nationwide demonstration include the Trade Union Congress and the National Association Of Nigerian Students who had warned the mobilisation of 40million students nationwide in demonstration against the development in a recent press release by the group.

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Meanwhile, the major groups in the oil and gas sector which include the National Union of Petroleum and Natural Gas workers (NUPENG) and the Petroleum and Gas Senior Staffs Association of Nigeria (PENGASSAN) have been supportive of the development advising the government to look into the strengthening of important organisations such as the PPPRA, Standard Organisation of Nigeria, Nigerian customs etc and reawakening and effective running of refineries across the country, minimum wage discussions and resolution as they mention that since the increase in fuel price, there should be increase in minimum wage of workers also; compared to the generally known #18,000 minimum wage, oil workers are reportedly settling for a new minimum wage of #90,000, all in aim to make the fuel subsidy removal work for the country.

©2016
CoNnect Media House

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