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NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise - Politics - Nairaland

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NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by Bobloco: 6:02am On Jul 13, 2023

•Reps sit on N500bn subsidy relief request today, FG, Labour for fresh negotiations

•N500bn not enough for 125 million poor Nigerians affected by deregulation – NLC, TUC


The Nigeria Labour Congress and the Trade Union Congress have thumbed down the N500bn palliative proposed by President Bola Tinubu, stating that it is grossly inadequate to assuage the hardships confronting workers sequel to the fuel subsidy removal.

They are demanding a 300 per cent salary increase to enable workers to cope with the challenges imposed by the deteriorating economic situation that came with the removal of the controversial fuel subsidy.


On Wednesday, the President wrote to the House of Representatives seeking approval for N500bn to cushion the effects of petrol subsidy removal.

Tinubu’s request was contained in a letter sent to the National Assembly and read during plenary by the Speaker of the House of Representatives, Tajudeen Abbas.

The President had announced the petrol subsidy removal during his inaugural address on May 29, 2023, in response to claims that the subsidy regime favoured the rich more than the average Nigerians, among other reasons.

In his letter, the President proposed an amendment to the 2022 Supplementary Appropriation Act.

It read, “I write to the House of Reps to approve the amendment of the 2022 Supplementary Appropriation Act in accordance with the attached.

“The request has become necessarily important to, among other things, the source for funds necessary to provide palliatives to mitigate the effect of the removal of fuel subsidy on Nigerians.

“Thus, the sum of N500bn only has been extracted from the 2022 Supplementary Act of N819,536,937,815 for the provision of palliative to cushion the effect of petrol subsidy removal.”

The president said he hoped the lawmakers would consider his request “expeditiously.”

The House is expected to hold a plenary today on the president’s request.

Last December, the National Assembly passed a supplementary budget of N819bn for the 2022 fiscal year and also extended the implementation of the 2022 budget till March 31, 2023.


In May, the National Assembly passed the amendment to the 2022 supplementary budget to extend the implementation of the capital components to December 2023.

But unimpressed by the amount contained in the President’s letter, the NLC noted that the money would not be enough to cater for 125 million Nigerians who are believed to be living in poverty.

The National Treasurer of the NLC, Hakeem Ambali, who spoke in an interview with our correspondent in Abuja, questioned the extent to which the palliative would cover.

When asked if the amount would be sufficient, he said, “Definitely not. We have over 125m Nigerians that are technically poor. To what extent can this cushion the effects of this economic hardship?”

Speaking on ways by which the President can mitigate the effect of subsidy removal, the NLC official asked for “Minimum wage review of 300 per cent to all workers; granting licences to individuals for modular refineries to refine petrol locally; granting economic stimulus loan to SMEs at 15 per cent rate.’’

He added, ‘’The government should provide social benefits for aged and unemployed youths; agric loans to farmers and youths through the Agric Bank and community banks at single digit rate; provide alternative energy supply such as massive investment in solar power and Compressed Natural Gas to motorists.

“Fix the refineries; reverse the privatization of electricity back to the state due to poor performance; Execute metro rail line projects in all state capitals and reduction of school fees for students of tertiary institutions.”

NACCIMA, LCCI react

Speaking with The PUNCH, the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Olusola Obadimu, welcomed the idea of palliatives for the poor, but he questioned how the N500bn for the palliative measures would be spent.

According to him, the chamber will refrain from making further comments on the matter until clarification is given on how the fund would be utilised.

He said, “The idea, in principle, is good. Of course, people expect some relief. It is in the statement that we issued. We said it clearly that palliatives would be a good idea. We argued for it. But talking about a specific figure is something we can’t do when we don’t know the scope. The concept is fine, but we need more information about the scope.”

On his part, the Deputy-President of the Lagos Chamber of Commerce and Industry, Gabriel Idahosa, while commending the move, said the fund would be insufficient to cushion the impact of the subsidy removal and the devaluation of the naira.

He further stated that the media and other interest groups must sustain the advocacy to ensure that the palliative measures are extended to the public and private sectors.

Idahosa said, “Whatever the president implements will not be sufficient to wipe out the impact of the two policies — subsidy removal and floating of the currency. So, it is going to be a partial effort to reduce, not eliminate the effect of those policies.


“There is a basis to complain if the details come out and only the public (sector) gets to benefit from it, then everybody in the private sector has a reason to complain. We have to wait and see how the first set of palliatives will be designed, then we can complain legitimately if the private sector is not involved.”

The President of the Nigerian Economic Summit Group, Mr Laoye Jaiyeola, said his group supported the palliative measure but stressed that it should be extended to those who really needed it.

He stated, “The clarity is that all of us are saying we must have palliative for the people affected. So if you are asking for palliative and the president cannot spend one naira without approval; so, where can he get it if he doesn’t borrow it?

‘’Everyone said there must be palliative for the subsidy removal and the palliative means that government must address the shock of the people. You know you cannot spend without approval and you also know that we are in deficit before; so, which other way can he get money if not borrow? So, he is following what the procedure says is legal.

“We support palliatives but it should go to the ultimate consumer and not those who sit in one place and are spending money. Identify the people that were affected the most and give them the palliative.”

https://punchng.com/nlc-protests-tinubus-n500bn-subsidy-palliative-demands-300-pay-rise/?amp

8 Likes 1 Share

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by MS247: 6:10am On Jul 13, 2023
cool


NLC and their wahala

Let's start with 500billion palliative

300% increase in salary might cause inflation



.

28 Likes 2 Shares

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by ogundokun: 6:18am On Jul 13, 2023
Another scam

10 Likes

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by ogundokun: 6:18am On Jul 13, 2023
Another scam cool

12 Likes 1 Share

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by KingsCity: 6:19am On Jul 13, 2023
Too bad

Assuming a population of 200 million, N 500 billion will translate to N2,500 per person

This is a big joke

62 Likes 3 Shares

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by Macphenson: 6:21am On Jul 13, 2023
MS247:
cool


NLC and there wahala

Let's start with 500billion palliative

300% increase in salary might cause inflation



.

So subsidy removal did not cause inflation?

Yeye dey smell.

106 Likes 6 Shares

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by Bobloco: 6:21am On Jul 13, 2023
MS247:
cool


NLC and there wahala

Let's start with 500billion palliative

300% increase in salary might cause inflation



.

Tinubu should not use 500billion palliative money to buy bags of rice and cartons of noodles that will be hijacked by highly connected APC members

He should use the money to subsidize fuel so that the price per liter will reduce. That one go benefit everybody

52 Likes 2 Shares

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by MS247: 6:24am On Jul 13, 2023
Bobloco:


Tinubu should not use 500billion palliative money to buy bags of rice and cartons of noodles that will be hijacked by highly connected APC members

He should use the money to subsidize fuel so that the price per liter will reduce. That one go benefit everybody

You can't subsidize Petrol again after removing subsidy

They should try and help car owners switch to LNG and Electric Hybrid




.

21 Likes

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by MS247: 6:24am On Jul 13, 2023
Macphenson:


So subsidy removal did not cause inflation?

Yeye dey smell.

Should we increase our inflation again...

8 Likes 1 Share

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by Kudman: 6:35am On Jul 13, 2023
Ok
Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by Macphenson: 6:38am On Jul 13, 2023
MS247:


Should we increase our inflation again...

Should we allow our workers become poverty property ?

Tinubu simply eroded the middle class and threw more people into poverty within a monrh of taking over.

62 Likes 2 Shares

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by MS247: 6:41am On Jul 13, 2023
Macphenson:


Should we allow our workers become poverty property ?

Tinubu simply eroded the middle class and threw more people into poverty within a monrh of taking over.


How many Federal Government workers would get salary increments and what's their percentage out of 210 million Nigerians?!

What we need is mass transit, BRT, trains, electric cars, LNG cars, tramcars, metros

Not some few workers getting 300% increments for walking around and gisting at Federal secetariat

.

52 Likes 3 Shares

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by ican2020: 6:41am On Jul 13, 2023
That’s not enough cause many children of government workers are out of school and the value of of our currency is down seriously when compared to many African countries currencies
Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by Akaegwu(m): 6:42am On Jul 13, 2023
I'm dancing 🎶 alingo

1 Like

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by Jogs1900: 6:50am On Jul 13, 2023
Macphenson:


So subsidy removal did not cause inflation?

Yeye dey smell.
Who will fight for the retirees, self employed, unemployed and those in the private sector?I expect NLC to push for what will benefit all Nigerians..If the govt increases salary, it will lead to more inflation at the detriment of the economy, retirees, self employed, unemployed thereby pushing more Nigerians into poverty.

10 Likes 2 Shares

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by money121(m): 6:50am On Jul 13, 2023
Wahala
Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by chris4gold(m): 7:10am On Jul 13, 2023
Audio protest, protest wey no fit hold without political influence. Say that 1 na protest. Awon werey gbogbo embarassed

2 Likes

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by ratiani6: 7:14am On Jul 13, 2023
Noise makers

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by iwaeda: 7:21am On Jul 13, 2023
Bobloco:

•Reps sit on N500bn subsidy relief request today, FG, Labour for fresh negotiations

•N500bn not enough for 125 million poor Nigerians affected by deregulation – NLC, TUC




https://punchng.com/nlc-protests-tinubus-n500bn-subsidy-palliative-demands-300-pay-rise/?amp

Ajero will be less useful than Waaba. Government of deceit, they claimed they saved billions from subsidy, yet borrowing humongous amount. grin grin grin

2 Likes

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by Houseontherock1: 7:25am On Jul 13, 2023
Palliative in form of indomie noodles, rice and tomato paste is not what the people need unless it will be supplied regularly. At least the people can use food money on transportation undecided

The truth is; subsidy should never have been stopped by the government. There's no way the people of a poor nation like Nigeria can survive without some form of subsidy on essential commodities and services like petrol, education and health. What is important is to monitor the subsidy and ensure it's well managed, ensure security is tight and petrol is not smuggled across border then make the refineries work so there'll be less dependence on imported fuel.

7 Likes

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by WeirdAlien: 7:41am On Jul 13, 2023
500bn for 125 million people is just ₦4,000 per person. How many days will ₦4k food feed a person? But it won't even reach up to 10 million people. There are better ways to do things.

5 Likes

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by Depriest2020: 8:44am On Jul 13, 2023
undecided
Nigerian government and their stupid palliatives that doesn't make impact. Same as the billions wasted during COVID-19.

Simply use the 500billion and build industries in the 6 geopolitical zones of the country and employ the youths. That's 83billion per zone.

The government will ask that you bring account numbers, after providing it, your account numbers will be submitted as the beneficiaries, while you didn't receive anything, those in charge will then embezzle the money.

9 Likes 1 Share

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by saysoo: 8:59am On Jul 13, 2023
KingsCity:
Too bad

Assuming a population of 200 million, N 500 billion will translate to N2,500 person

This is a big joke
You dey mind the i diot.

3 Likes

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by grandstar(m): 9:09am On Jul 13, 2023
Kk
Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by Nobody: 9:09am On Jul 13, 2023
Yekini Amoda Ogunlere is working grin grin

6 Likes

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by Omofloflo: 9:09am On Jul 13, 2023
300% increment? These NLC people are senseless. So what will happen to other Nigerians who are not government workers?

7 Likes 1 Share

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by tesppidd: 9:10am On Jul 13, 2023
What is 500 billion ffs?

It's not even up to what I spend in one year.

Talkless of 125 million people.

56 Likes

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by Dittodat: 9:11am On Jul 13, 2023
These fools.
Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by Almiron: 9:11am On Jul 13, 2023
May this subsidy palliatives favor me and my family.

9 Likes

Re: NLC Protests Tinubu’s N500bn Subsidy Palliative, Demands 300% Pay Rise by specialmati(m): 9:13am On Jul 13, 2023
grin grin grin grin grin grin grin make thunder fire them there

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