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Tinubu’s administration has solution to effects of subsidy removal on consumers: Oshiomhole

*Comrade Adams Oshiomhole, ex-Governor of Edo State and former President of the Nigerua Labour Congress, says President Bola Ahmed Tinubu acknowledges the discomforting impacts of withdrawal of fuel subsidy on Nigerian consumers, and is ready to provide an ‘immediate solution’ 

Alexander Davis | ConsumerConnect

In a related development, Comrade Adams Oshiomhole, former Governor of Edo State and ex-President of NLC has said President Bola Ahmed Tinubu,  recognising the impact the withdrawal of fuel subsidy on Nigerian workers and consumers in general, is determined to take an immediate action to cushion the effect.

Oshiomhole, who stated this while featuring on a Channels TV programme Sunday, June 4, expressed confidence that issues arising from the removal of fuel subsidy will be quickly resolved between the Federal Government and the organised Labour.

According to the former Labour leader, Tinubu recognises the impact the withdrawal of fuel subsidy is having on Nigerian consumers, and is determined to take immediate action to cushion it.

ConsumerConnect reports Oshiomhole was part of a meeting between the Federal Government and the Trade Union Congress (TUC) held Sunday, June 4 at the State House, Abuja, FCT.

Oshiomhole said: “This President (Tinubu) recognises that the effect of the withdrawal is already here, people are already going through some level of discomfort, and, therefore, there has to be an immediate solution to it.

“Now that immediate solution is what we discussed and the fact that we are meeting on Tuesday again shows that clearly, we realise that this is not one of those things you want to buy time because it has a real negative impact, on particularly, the most vulnerable group.”

He further stated: “But we have a solution to it because you are going to make savings, so take from that savings or even if it is borrowing.

“So, whatever it is, you can leverage some revenue and improve wages to cushion the cost of living, I think it is legitimate.

“I think it is doable; it is not something that you want to spend two to three months negotiating.”

The former Governor of Edo State, who said the Sunday’s meeting with TUC was productive, also noted the Federal Government would consider all the demands by the TUC and revert to the issues Tuesday.

According to him, if Nigeria can save about N7 trillion by ending subsidy regime, the Federal Government can take part of that money and put in the wage sector “because those savings will go into the federation account which will be distributed among the three tiers of government and so every tier of government will have more money and should be able to meet the consequential increase in wages.”

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