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    MarketForces Africa » MarketForces News » Fuel Subsidy: TUC Makes 14 Requests from Federal Govt

    Fuel Subsidy: TUC Makes 14 Requests from Federal Govt

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJune 5, 2023 News No Comments3 Mins Read
    Fuel Subsidy: TUC Makes 14 Requests from Federal Govt
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    Fuel Subsidy: TUC Makes 14 Requests from Federal Govt

    The Trade Union Congress of Nigeria (TUC) has released demands it made at the meeting held with the Federal Government over the recent fuel subsidy removal.

    In a statement signed by the union’s President, Mr Festus Osifo, and General Secretary,  Mr Nuhu Toro on Monday, the union called for the immediate implementation of the demands.

    It highlighted 14 of the demands for immediate implementation and five for the medium term. The demands include maintenance of status quo ante of Premium Motor Spirit (PMS) pump price while discussion continued.

    “Minimum wage should be increased from the current N30,000 to N200,000 before the end of June 2023, with consequential adjustment on the cost of feeding allowance, like feeding, transport, and housing, among others.

    “A representative of state governors will be party to this communique and all the governors must commit to implement the new minimum wage.

    “Tax holiday for government and private sector employees earning less than N200,000 or 500USD monthly whichever is higher.

    “PMS Allowance to be introduced for those earning between N200,000 to N500,000 or USD500 to USD1,200 whichever is higher, “it said.

    Others include the setting up of an intervention fund where the government would be paying N10 per litre on all locally consumed PMS. According to the TUC, the primary purpose of this fund is to solve perennial and protracted national issues in education, health, and housing.

    “A governance structure that will include labour, civil society and the government will be put in place to manage the implementation. Federal Government should provide mass transit vehicles for all categories of the populace.

    “State governments should immediately set up a subsidised transportation system to reduce the pressure on workers and students: the framework around this will be worked out.

    “Immediate review of the National Health Insurance Scheme to cover more Nigerians and prevent out-of-stock of drugs,” the union said. In the medium term, the union called for the deployment of Compressed Natural Gas (CNG) across the country in line with the earlier promise made by the government.

    It said that the framework and timeline would be developed and agreed by both parties.

    It also called on labour and government to design a framework that would be geared toward the reduction of the cost of governance by 15 per cent in 2024 and 30 per cent by 2025.

    “A framework should be immediately put in place to maintain the road and expand the rail networks across the country.

    “Government must design a framework for social housing policy for workers through Rent to Own System.

    “The state of electricity in the country must be appraised and an action plan should be defined with timelines on how to get this fixed.

    “A strong monitoring team comprising of all parties will be constituted, “the union said. Geregu Spikes to N772.5bn as Otedola Buys More Shares

    FUEL SUBSIDY TUC
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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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