Tinubu To Meet NLC Today Over Fuel Subsidy Removal

May 31, 2023
NNPC Refutes Viral Claims That Its Fuel Does Not Last

The National President of the Nigeria Labour Congress (NLC), Joe Ajaero, has disclosed that the labour union will meet on Wednesday to discuss the fuel subsidy removal.

Ajaero, during an interview with Sunrise Daily on Channels Television, said the meeting with the Federal Government will hold at 2pm.

Join our WhatsApp Channel

He revealed that the government contacted the labour union late on Tuesday to show that Tinubu is open for discussion regarding the fuel subsidy.

“Government seems to have shown interest in discussion. As at last night, they reached out and we have fixed 2pm today (Wednesday) to commence discussion,” the NLC president said.

Ajaero faulted Tinubu’s announcement, stating that he shouldn’t have declared there is no more subsidy without the country producing, leaving the citizens to private oil companies that seek to take advantage of the situation.

“There, all other issues will discussed because you can’t just say there no subsidy and then you are not producing and leave us to the vagaries of the market, to people who want to sell the product they bought for N10 for N100 to maximise profit.

“If there is no more garri, we must find out what to eat,” Ajaero said during the interview.

Prime Business Africa previously reported on Monday that Tinubu stated his administration will phase out fuel subsidy as recommended by former President, Muhammadu Buhari.

Tinubu, during his inauguration speech at Eagles Square, in Abuja, said: “We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor. 

“Subsidy can no longer justify its ever-increasing costs in the wake of drying resources. We shall instead re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions.”

Following his statement, fuel queues have resurfaced in petrol stations and retailers have increased their prices despite the removal not being effective till the end of June.

+ posts

Featured Stories

Latest from Business

Linkage Assurance's Revenue Rises To N19.29bn, Profit Drops By 23%

Linkage Assurance’s Revenue Rises To N19.29bn, Profit Drops By 23%

Between January and September 2025, Linkage Assurance Plc recorded N19.29 billion in revenue, representing a 17.47 percent rise, compared to the N16.42 billion turnover generated in the same period in 2024. In the company’s unaudited financial statements for the period ended September

Nigerian Mobile Users May Pay More Under New NCC Roadmap

By Prosper Okoye Nigerian mobile phone users may face higher call and data costs following a new five-year plan released by the country’s telecoms regulator. Prime Business Africa gathered that the Nigerian Communications Commission (NCC) has published a Draft Spectrum Roadmap outlining

Naira Appreciates Against Dollar Across FX Markets

On Tuesday, January 6, the foreign exchange rate for the United States dollar (USD) decreased by N17 or 1.18 percent to N1,416 on the Nigerian foreign exchange market (NFEM). According to data obtained from the Central Bank of Nigeria (CBN), the dollar
Lasaco Assurance Suffers N404.22bn Loss

Lasaco Assurance Suffers N404.22bn Loss

Lasaco Assurance, in its unaudited financial statements for the period ended September 30, 2025, said revenue increased by 40 percent to N23.83 billion in the first nine months of last year, surpassing the N17.02 billion recorded in the same period in 2024.
Resource Assault In West Africa
Previous Story

Ghana, Nigeria And Resource Assault In West Africa

Fuel Subsidy Removal Okay, But Should Be In Phases – Economic Expert
Next Story

Fuel Subsidy Removal Okay But Should Be In Phases – Economic Expert

Don't Miss

Dirty Fuel: NNPC, Marketers Begin 24-hour Operations

Nigeria National Petroleum Company (NNPC) has announced commencement of 24-hour
Naira Opens Week With Gain Across FX Markets

Naira Further Appreciates Across Official, Black Markets

Nigeria’s currency, the naira, maintained a positive outlook, strengthening further