Tuesday 17 May 2016

We don’t support NLC on strike over new fuel price

Organised Private Sector, OPS, said, Monday, it was not
in support of strike by the Nigeria Labour Congress, NLC,
over the new petroleum price regime fixed by the Federal

Chief Bassey Edem, National President, Nigerian
Association of Chambers of Commerce, Industry, Mines
and Agriculture, NACCIMA, arm of OPS, said: “We
commend the Federal Government for finally taking the
bold step to remove subsidy on petrol.

“This is an attestation to the political will of this
government to put an end to incessant fuel scarcity,
while reducing the pressure on our foreign reserve as a
result of huge demand for petrol import.
“In view of the expected reduced pressure on our foreign
reserve, which this policy will bring about, it is also
important that the resultant benefit on our foreign
exchange allocation be directed more towards the real
sector to hasten the development of our economy.”

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