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Labour Union Slams Buhari Govt For Increasing Petrol Price to N151.56 Per Litre

The Nigeria Labour Congress, NLC, has criticized the federal government for the increment in pump price of petrol.

NLC President, Comrade Ayuba Wabba, said the 151 per litre increment was an indication that the federal government was taking Nigerians for granted.

In a statement, Wabba said organized labour cannot guarantee industrial harmony in Nigeria.

Wabba insisted that the federal government has betrayed the trust of Nigerians to protect them.

According to Wabba: “In fact, Nigerians and even NLC we are in a shock, and this increase is coming at a time when many Nigerians are passing through very peculiar and precarious times.

“It’s like Nigerian are being taken for a ride, the increase in price of petroleum is like adding salt to injury.

“The increase in price of petroleum has happened now more than three times in three months. And to compound it they also reduced the interest rate of savings, which affects mostly the poor and the vulnerable.

“While rejecting this with the strongest terms, I think Nigerian government is taking Nigerians for granted.

“At the end of the day, Nigerians are becoming poorer and poorer, in fact, many people are already on the edge. Many workers are already on the edge.

“Certainly we cannot guarantee industrial peace and harmony, and we will have to call our organs and we will have to also react but we reject it in its entirety. They have betrayed the trust of Nigerians, for Nigerians to be protected against the economic challenge that is affecting us.

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Recall that the Nigerian government through the Pipelines and Product Marketing Company (PPMC), had announced an increment in the pump price of petrol to N151.56 per litre.

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N50,000, N30,000 To Be Distributed Among 433,000 Nigerians, Businesses By FG

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Tola Johnson, Special Assistant to  President Muhammadu Buhari on Micro Small and Medium and Medium Enterprises(MSMEs), says 100,000 small businesses will get N50,000 each.

NAN reports that the gesture is part of COVID-19 economic stimulus.

The presidential aide made the announcement at the inauguration of the Implementation of Survival Fund and Guaranteed Off-Take Stimulus Schemes for MSMEs on Thursday in Abuja.

Johnson, the Project Coordinator, said that the schemes were part of the Economic Sustainability Plan drafted by Vice President Yemi Osinbajo-led committee and approved by President Muhammadu Buhari.

“The Payroll Support targets 100,000 businesses. However, the number of individuals who will benefit from this is 500,000. What the government has done is to say that there a lot of MSMEs that have been affected by the COVID-19 pandemic lockdown.

“Afterward, there is a CAC (Corporate Affairs Commission) free registration; it is free for the MSMEs but the government is paying the CAC for this. What the government has done is to say to the CAC, you do this regularly to the MSMEs at about N12,000 or thereabout; give it to us at half price, we will give it to the MSMEs free.’’

Johnson added that under the National MSMEs Clinic, Osinbajo and the Minister of Industry, Trade and Investment went to no fewer than 26 states.

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He said it was discovered that very creative businesses were not registered.

“They will tell you they don’t have N10,000 to N12,000 to register their businesses. The government had promised that at some point, we will do and I think the opportunity has come now; the opportunity cannot be better than now.’’

The official also announced that under the Survival Fund, the last strap would be the Transport and Artisans Support.

At least 333,000 beneficiaries will get a one-off N30,000 grant, Johnson said.

He added that the government will work with associations, individuals and the Ministry of Transportation to implement the scheme.

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