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

The New Diplomat
Writer

Ad

What weapons China put on display at its military parade

Chinese President Xi Jinping oversaw a massed military parade in central Beijing on Wednesday to mark the 80th anniversary of the end of World War Two. Here are some of the weapons China's People's Liberation Army put on rare public display in a show of its growing prowess and ability to project power far from…

Trump accuses Xi of conspiring against US with Putin and Kim

US President Donald Trump has accused Chinese counterpart Xi Jinping of conspiring against the US with the leaders of Russia and North Korea. Trump's comments came as China hosted world leaders at its largest-ever Victory Day parade in Beijing on Wednesday - a showcase of China's military might. In a post on Truth Social, Trump…

Oil Prices Hold Steady After U.S. Sanctions on Iranian Crude Scheme

Crude oil prices stabilized today after inching up on Tuesday following the news of new U.S. sanctions on people involved in exporting Iranian crude disguised as Iraqi crude. At the time of writing, Brent crude was trading at $68.93 per barrel and West Texas Intermediate was trading at $65.42 per barrel, both slightly down from opening. On Tuesday, the…

Ad

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.

Ad

X whatsapp