• About
  • Advertise
  • Privacy & Policy
  • Contact
Advertisement
  • News
    Yushau Shuaib Admitted as IPRA Fellow, Earns FIPRA Designation

    Yushau Shuaib Admitted as IPRA Fellow, Earns FIPRA Designation

    FG Introduces N50,000 Monthly Cash Relief for Vulnerable Nigerians

    FG Introduces N50,000 Monthly Cash Relief for Vulnerable Nigerians

    Teachers Honored as Sterling Oil and VCDF Deepen Education Support across Nigeria

    Teachers Honored as Sterling Oil and VCDF Deepen Education Support across Nigeria

    ‎OTUWA Urges ECOWAS Member States On Adequate Funding, Deliberate Budget for social protection

    ‎OTUWA Urges ECOWAS Member States On Adequate Funding, Deliberate Budget for social protection

    OTUWA, DTDA Hold Regional Workshop On Social Protection, Workers’ Rights In Abuja

    OTUWA, DTDA Hold Regional Workshop On Social Protection, Workers’ Rights In Abuja

    Nigeria Inaugurates Interministerial Committee to Coordinate Climate Action

    Nigeria Inaugurates Interministerial Committee to Coordinate Climate Action

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Business/Economy
  • Insurance/Pension
  • Investigations
  • Opinion
  • Politics/Governance
  • Security/Emergency
No Result
View All Result
  • News
    Yushau Shuaib Admitted as IPRA Fellow, Earns FIPRA Designation

    Yushau Shuaib Admitted as IPRA Fellow, Earns FIPRA Designation

    FG Introduces N50,000 Monthly Cash Relief for Vulnerable Nigerians

    FG Introduces N50,000 Monthly Cash Relief for Vulnerable Nigerians

    Teachers Honored as Sterling Oil and VCDF Deepen Education Support across Nigeria

    Teachers Honored as Sterling Oil and VCDF Deepen Education Support across Nigeria

    ‎OTUWA Urges ECOWAS Member States On Adequate Funding, Deliberate Budget for social protection

    ‎OTUWA Urges ECOWAS Member States On Adequate Funding, Deliberate Budget for social protection

    OTUWA, DTDA Hold Regional Workshop On Social Protection, Workers’ Rights In Abuja

    OTUWA, DTDA Hold Regional Workshop On Social Protection, Workers’ Rights In Abuja

    Nigeria Inaugurates Interministerial Committee to Coordinate Climate Action

    Nigeria Inaugurates Interministerial Committee to Coordinate Climate Action

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Business/Economy
  • Insurance/Pension
  • Investigations
  • Opinion
  • Politics/Governance
  • Security/Emergency
No Result
View All Result
No Result
View All Result

Subsidy Removal: CCP Warns NLC, TUC of Intended Protest.

Editor by Editor
January 25, 2022
0
Subsidy Removal: CCP Warns NLC, TUC of Intended Protest.
0
SHARES
Share on FacebookShare on Twitter

Subsidy Removal: CCP Warns NLC, TUC of Intended Protest.
…Says Protest Misguided, Unwise

A group under the aegis of Concerned Citizens Project(CCP) has warned the Nigeria Labour Congress(NLC) and the Trade Union Congress(TUC) to reconsider their intended protest on the proposed removal of petroleum subsidy by the Federal government saying that the move will ground the economy and make Nigerians more impoverished.

RelatedPosts

Jaiz Bank Clarifies Alleged ₦104m Investment Transactions in its Jos Branch

DataPro Consolidates West African foothold, gets credit rating licence in The Gambia

ADIPEC 2026: Nigeria’s Oil Output now 1.8m bpd –Ojulari

In a statement jointly signed by Dr Bello Musa Gwani  and Sylvester Koni, both National Coordinator and National Secretary
respectively, the group said the planned protest by the two labour unions can be described as misguided, unwise and self-defeating.

It further said that the leaders of NLC and TUC should rise up to their duties and stop playing to gallery or the books of some elites who are benefitting immensely from the petroleum subsidy.

“NLC and TUC need to get their acts together by putting future and survival of Nigeria first.
The intended strike and protest will put a halt on the operations of government offices, banks, shopping centres and schools, transportation workers and will also significantly affect the informal sectors including markets and local transportation services”, the statement said.

The group also warned that the coming Protest, if carried out, will cause an untold hardship on Nigerians and have significant damaging effect on an already struggling economy. Paralysing the country of more than 200 million people, majority of the citizens live on daily wage will be highly irrational.

The statement also noted that considering the delicate security situation in the country, it will be of great concern that provocateurs and anarchist can hijack such protests and demonstrations, or hide under the cover of protestors and promote discord, anarchy and unleash mayhem to the detriment of public peace. We have all witness how criminal elements hijacked the End SARs protest, and the amount of looting and burning that took place, while turning into tribal violence and killings in some states.

CCP said politicians and other interests beyond the implementation of the deregulation policy can hijack the national protest to derive personal and selfish agendas. It is thus imperative for NLC and TUC leaders to avoid putting Nigeria in such delicate security situation.
For most oil producing countries, high oil prices means high government earning, more spending on education, health, infrastructure, poverty alleviation etc.

It further noted that If NLC and TUC leaders are not in terms with the proposed stoppage to paying petroleum subsidy despite the glaring evidences of the failure of the scheme, they can explore other avenues to prevent high petroleum price in the country. One important option is to engage with the government to find a more suitable solution. For example by putting pressure on the government to revamp the three national refineries (in Kaduna, Warri and Port-Harcourt) which can play a significant role in easing the pressure on our forex reserve thus strengthening our currency. A strong Naira and local refining capacity will make the petroleum products cheap even without subsidies. In addition if these refineries are revamped, hundreds of thousands of direct and indirect jobs will be created, thus creating a multiplier effect in the fight against poverty and the growth of our economy.
“It is very critical that NLC and TUC leadership to keep in mind that in pushing the interest of Nigerians forward, they need to choose options that will not worsen the Country’s security situation”, the statement said.

Tags: Subsidy Removal: CCP Warns NLCTUC of Intended Protest.
Previous Post

Huawei says CloudCampus solution redefining enterprise campus networks

Next Post

BREAKING: CBN retains monetary policy, Keeps interest rate at 11.5%

Editor

Editor

Related Posts

Jaiz Bank Clarifies Alleged ₦104m Investment Transactions in its Jos Branch
Business/Economy

Jaiz Bank Clarifies Alleged ₦104m Investment Transactions in its Jos Branch

November 4, 2026
DataPro says Credit Rating is Veritable Platform to Unlock Nigeria’s Power Sector Funding
Business/Economy

DataPro Consolidates West African foothold, gets credit rating licence in The Gambia

November 4, 2026
ADIPEC 2026: Nigeria’s Oil Output now 1.8m bpd –Ojulari
Business/Economy

ADIPEC 2026: Nigeria’s Oil Output now 1.8m bpd –Ojulari

November 3, 2026
AAAG Elects Ogunjimi as Deputy Chairperson
Business/Economy

FG Tightens Noose on Admission of New Employees into Federal Payroll

November 2, 2026
Yushau Shuaib Admitted as IPRA Fellow, Earns FIPRA Designation
News

Yushau Shuaib Admitted as IPRA Fellow, Earns FIPRA Designation

October 31, 2026
FG Introduces N50,000 Monthly Cash Relief for Vulnerable Nigerians
News

FG Introduces N50,000 Monthly Cash Relief for Vulnerable Nigerians

October 31, 2026
Next Post
Hospitals, pharmaceutical firms Get N108.65bn from CBN IN 18 Months

BREAKING: CBN retains monetary policy, Keeps interest rate at 11.5%

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Browse by Category

  • Business/Economy
  • Insurance/Pension
  • Investigations
  • News<