Friday, December 25, 2015

Why Petrol should Be Sold at N50 per litre – TUC

The Trade Union Congress of Nigeria (TUC)) yesterday, Thursday 24th December, 2015 faulted government’s retention of fuel subsidy, saying petrol should be sold at N50 per litre with adequate local refining capacity in the country.
President of the Congress, Comrade Bobboi Kaiýgama, said in a statement: “The price of crude oil in the international market has dropped drastically. This should have a direct effect on domestic consumption of the product”.
He advocated the need for a stakeholders’ meeting to discuss the subsidy and why it has become impossible to refine and purchase fuel at N50 per litre.
He further said the proposed deficit financing  at ₦2.22 trillion is certainly high, saying this could be reduced by the recovery of stolen funds . The union also faulted government’s decision to borrow N1.8trillion to fund the 2016 budget.
“We charge the federal government to as a matter of urgency warn the governors who want to sabotage the administration by saying they cannot pay ordinary N18,000 minimum wage. We dare them to try it”, he said. 
The Trade Union Congress of Nigeria (TUC), yesterday charged Christians and Muslims in the country to share whatever they have with their neighbours which is the very essence of humanity.
TUC also yesterday said the birth of Jesus Christ and Prophet Mohammed should bring tidings of good hope to Nigeria and the world, adding that since the two leaders symbolise peace, their followers should follow suit.
Daily Trust

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