Fuel Subsidy Removal: Expect More Rude Shock Under Tinubu, LP Tells Nigerians

The Labour Party (LP) has knocked President Bola Ahmed Tinubu over the removal of fuel subsidy.

In a statement on Tuesday, Acting National Publicity Secretary of LP, Obiora Ifoh, condemned what he described as the “presidential fiat” and unilateral decision of the president.

He said Tinubu, without any form of consultation with the stakeholders particularly, the labour unions, removed subsidy on petroleum, instantly pushing Nigerians further into hardship.

Ifoh said the queues were back again and Nigerians would, as was the case in the previous administration begin to keep vigils in the filling station to get just a few litres of petrol.

He lamented that less than 24 hours after President Bola Ahmed Tinubu took over the reins of power, Nigerians woke up to see the pump price of petrol shot up to N600 per litre and N750 per litre in the black market.

“As expected commercial transporters have hiked their trip fares across the country in response to the developments. While product hawkers are once more the king of the jungle. What a way to announce once emergence as the sheriff in town. President Tinubu’s first executive proclamation was such that it is purposed to inflict pains on Nigerians.

“Labour Party while campaigning in the last election also proposed ending the subsidy regime however, on the condition that necessary policies and actions would have to be in place. Labour Party also insists that the subsidy removal will be gradual and must be done with stakeholders input having in mind that a number of refineries will be recalibrated to near optimal functionality.

“The removal of subsidy by a presidential fiat as witnessed yesterday was not only shocking but practically took every Nigerian by surprise. Reason we advise Nigerians to brace up for more rude shocks and surprises in the days ahead,” Ifoh said.

He said that the party observed with pains that some of the petrol stations operators simply shut their filling stations and depot owners also shut their operations, arguing that no clarification was given on the execution of the policy.

He said, “We are therefore calling on the government to quickly reevaluate the policy, and come up with a more practical plans to remove the subsidy in such a way as not to jeopardize the peace of the nation.

“We are also calling on the various unions, social activists and Nigerians in general to be watchful and ensure that democracy is not derailed by whatever means and guise.”