Fuel: NUPENG, PENGASSAN Urge FG To Shun Advice On Subsidy Removal - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Abubakar Abubakar
April 15, 2019
Workers in the oil and gas sector have advised President Muhammadu Buhari to shun any counsel that would destabilize or cause chaos in the economy.
The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG and the Petroleum and Natural Gas Senior Staff Association, PENGASSAN gave the advice in a statement in Lagos.
The statement was co-signed by the association’s General Secretaries of the two bodies; Okugbawa Lumumba and Afolabi Olawale.
The Managing Director, International Monetary Fund, IMF Christine Lagarde had on April  12th called on the Federal Government to remove fuel subsidy because of low revenue mobilisation that existed  in terms of tax to Gross Domestic Product.
They said that the IMF advice on how to recover Nigerian economy was worrisome as it had become counterproductive.
The unions said that IMF had created panic in the country with associated hoarding of petroleum products, panic buying, skyrocketed increases in prices of goods and services in the country.