Monday at the opening ceremony of the 18th edition of the NLC Harmattan School in Ilorin, Kwara State, Ayuba Wabba, president of the Nigeria Labour Congress (NLC), vowed that workers would mobilise en masse to resist the move.
Wabba stated, "NLC will oppose any price increase justified by the elimination of subsidies."
"There will be no discussion of subsidies."
They have stated that refineries will be repaired and production will resume by 2023.
Although there is nothing negative about subsidies, they are shrouded in secrecy in our case. Consumption and all other details are obscured; the procedure is not transparent. He stated, "This is typical of a capitalist economy."
Numerous nations had done so and were operating these businesses as government enterprises, with the transparent process proving effective.
"It will not work if you privatise without a transparent process, as was the case with the banks, which the government backed with public funds but which failed due to a lack of transparency and good governance templates."
This has been the subject of our argument. Nigerians should consider this. When you say you will eliminate subsidies and follow the diesel trend, you are indicating that it will be unattainable.
"The current price of diesel per litre is between N850 and N860." "Shall we apply the same strategy to PMS?" How many individuals can afford it?
