Mariana Silva
Mon, Jul 31, 2023 11:15 PM

Senate to Mediate Controversial Fuel Subsidy Removal

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Senate to Mediate Controversial Fuel Subsidy Removal
The Nigerian Senate has announced its intention to intervene in the fuel subsidy removal dispute and the ensuing difficulties faced by Nigerians. Following a motion on the impending strike by the Nigeria Labour Congress (NLC), the Senate has resolved to engage with both the NLC and the federal government. The Senate has appealed to the NLC to reconsider their ultimatum and avoid the strike, highlighting the severe economic and societal consequences it could have on the country.

The Nigerian Senate has taken a significant step towards addressing the ongoing controversy surrounding the removal of fuel subsidy and the impending strike by the Nigeria Labour Congress (NLC). Senator Kawu Suleiman (NNPP, Kano) sponsored a motion in the Senate titled "Urgent Need to Avert the Intending Strike of the Nigeria Labour Congress," which gained support from fellow senators.

Expressing concern over the hardship faced by Nigerians due to the increase in fuel prices, the motion seeks the Senate's mediation between the NLC and the federal government. The motion also appeals to the NLC to reconsider their ultimatum of a seven-day strike notice, requesting a review of the field subsidy policy.

The NLC, a prominent labor union in Nigeria, has called for an indefinite nationwide strike starting from August 2nd if the government fails to reverse its "anti-poor policies." The removal of fuel subsidy has significantly increased the pump price of petrol, adversely affecting the masses.

If the strike proceeds, it will disrupt various sectors of the economy, causing inconvenience to daily life. The withdrawal of commercial transport services and the closure of schools, markets, and healthcare facilities will severely curtail movement and access to essential services. Furthermore, such a strike can lead to economic instability, affecting businesses, provoking frustration, and exacerbating hardship for Nigerians.

The potential consequences of an extended strike are dire. The Nigerian economy could suffer substantial losses, impacting the Gross Domestic Product (GDP), and deterring foreign investment. Additionally, the strike poses a negative reputation for the country, potentially dissuading foreigners from doing business or pursuing educational opportunities in Nigeria.

Strikes tend to have adverse effects on society, with increased crime rates and the emergence of social vices. The idleness resulting from the strike can pave the way for criminal activities such as armed robbery, oil bunkering, prostitution, cyber scams, and more.

Recognizing the grave implications, the Senate believes it is imperative to engage in dialogue and mediation to find a viable resolution. By urging the NLC to reconsider their ultimatum and appealing for a review of the field subsidy policy, the Senate aims to avert the impending strike and pave the way for a more constructive and fruitful conversation between labor unions and the government.

Source of content: OOO News 2023-07-31 News

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