Subsidy Removal: FG, Labour Resume Talks, To Conclude in Eight Weeks

Cat:

Related stories

Drama as 16, 17-year-olds Now Allowed to Vote In UK Elections

By Abiola Olawale  The government of the United Kingdom announced...

Brazil’s Petrobras Weighs Return to Retail Fuel Market to Reduce Prices

Brazil’s Petrobras will discuss this week tweaking its mid-to-long-term...

Base Handover: France Ends Decades-Long Military Presence in Senegal

By Abiola Olawale France on Thursday officially ended its 65-year...

By Charles Adingupu

Federal Government representatives and the leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), on Monday, resumed talks on steps to mitigate the effects of the removal of fuel subsidy by the President Bola Tinubu administration.

Briefing State House correspondents after the meeting, the government and organised labour said they have agreed to set up a steering committee that would receive reports from other sub- committees within eight weeks.

Labour had on June 5 suspended its planned nationwide strike over the removal of subsidy following an agreement reached with the Federal government.

Present at the meeting were delegations from the Nigeria Labour Congress (NLC), led by its President, Joe Ajaero; the Trade Union Congress (TUC), led by its President, Festus Osifo; the Chief of Staff to the President, Femi Gbajabiamila; Special Adviser to the President on Revenue, Zachaeus Adedeji; the Special Adviser to the President on Energy, Olu Verheijen, and the Permanent Secretary, Ministry of Labour and Employment, Kachallom Daju.

Others were the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari; the Chief Executive Officer of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, the Chief Executive Officer of Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed; among others.

Among agreements reached on June 5, was the establishment of a joint committee to review the proposal for any wage increase or award and to establish a framework and timeline for implementation.

The Federal Government, the TUC and the NLC were also to review the World Bank Financed Cash transfer scheme and propose inclusion of low-income earners in the program as well as revive the Compressed Natural Gas conversion programme earlier agreed with Labor centres in 2021.

The New Diplomat
The New Diplomathttps://newdiplomatng.com/
At The New Diplomat, we stand for ethical journalism, press freedom, accountable Republic, and gender equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high-quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
2027: Buhari’s exit Cripples APC in entire North as CPC Loyalists Defect in Large NumbersDrama as 16, 17-year-olds Now Allowed to Vote In UK ElectionsSenate passes $9 billion in spending cuts to public broadcasting, foreign aid requested by TrumpBrazil’s Petrobras Weighs Return to Retail Fuel Market to Reduce PricesBase Handover: France Ends Decades-Long Military Presence in Senegal5 Oil Titans Who Revolutionized the Energy Sector2027: Dele Momodu dumps PDP for Coalition party, ADCBuhari's Honour: Tinubu holds special FEC session as Nigerians Mourn late Hero, Statesman. First Bank Crisis: In High-Stake Intrigues, Otedola Seizes Control with 40% Stake as Oba Otudeko Exits in N324.47bn DealElderstatesman, Emeka Anyaoku, Speaks Again , Urges Nigeria to Adopt a "People’s Democratic Constitution""Nigeria's challenges not about the constitution, but its operators", says ObasanjoNigeria Surpasses OPEC’s 1.5 Million Barrel Oil Quota in June 2025Natasha vs Akpabio: Senate President Heads to Court, Challenges Court Order to Reinstate SenatorOluwo Commends Awujale's Burial, Says Late Monarchs Shouldn't Be "Butchered Like Animals"Alleged N6.9Billion Fraud: Drama as Ex-Governor Fayose Wins in Court
X whatsapp