By Joan Nwagwu
The Nigerian Labour Congress (NLC) has cautioned the Federal Government against implementing the recommendation of the International Monetary Fund (IMF) on the removal of subsidy on petroleum products in the country.
Mr Ayuba Wabba, NLC President, gave the advice at a news conference on Saturday in Abuja.
The news conference was tagged: “Public Declaration of Nigeria’s Host of the 6th African Meeting of Solidarity with Cuba, Sept. 23 to Sept. 25 and Inauguration of Local Organising Committee (LOC).
Wabba said that the continued devaluation of the Nigerian currency had created the impression of the existence of subsidy.
He said that as long as the value of the Naira was left to market forces, the issue of subsidy would continue in the country.
The NLC leader urged that efforts should be made by government to upgrade the nation’s refineries.
“As President of the International Trade Union…
Source: News Agency of Nigeria
