Petrol Subsidy Removal: IPMAN Faults NLC’S Planned Protest

The Independent Petroleum Marketers Association of Nigeria, IPMAN says the planned nationwide protest against petrol subsidy removal by the Nigeria Labour Congress, NLC is unnecessary.

Senior Special Assistant on Special Duties to the Chairman, National Task Force on Anti-Pipeline Vandalisation, Petroleum Product Adulteration and Monitoring, Nwozuzu Chigozie, while speaking to newsmen said rather than protest over subsidy, the union should have vent its annoyance over failure of government to invest in modular refineries.

He also noted that the Petroleum Industry Act, PIA signed into law by President Muhammadu Buhari on August 16, 2021, had no provision for subsidy.

According to the aide, the discussion about petrol subsidy should have been a thing of the past because it was an obvious wastage of the nation’s resources which he said is benefiting only a few.

Chigozie, while advising labour leaders to enlighten citizens on the benefits of stopping payment of fuel subsidy, urged government to reinvest the subsidy savings in critical areas such as healthcare, education, agriculture and other sectors.

It would be recalled that the Labor had fixed January 27 for its protest across the 36 states and a grand protest in Abuja over the planned fuel subsidy removal.

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