Festus Osifo, the president of the Trade Union Congress (TUC), says the federal government has questions to answer as regards the gains of subsidy removal.

President Bola Tinubu had announced the removal of petrol subsidy at his inaugural speech on May 29, 2023.

Following the speech, the Nigerian National Petroleum Company (NNPC) raised petrol price from N189 per litre to N568 per litre.

With NNPC spending N4.39 trillion ($9.7 billion) on a petrol subsidy in 2022, Tinubu said removing the subsidy on premium motor spirit (PMS) would reduce expenses and help the government to save more from revenue generated.

Speaking on the matter during an interview on AriseTV on Wednesday, Osifo asked where the money saved since removing the subsidy is.

He said since the government announced N1 trillion has been saved, there is no reason to continue borrowing money, adding that FG should simply deploy part of the funds on Nigerians.

“The President and commander in chief on its own came and said the country has saved N1 trillion. The Federal government went everywhere to announce that if subsidy is removed, it’s going to save substantial money,” Osifo said.

“And so, we don’t expect them to go everywhere and start borrowing money. They told us they are going to save money. So where is the money that you have saved and how have they deployed this money?”

Osifo’s comment comes a day after TUC and the Nigeria Labour Congress (NLC) announced that workers’ unions will embark on an indefinite strike on October 3, 2023.

He said the unions have exhausted their arsenals and have been left with no choice but to proceed on the definite strike next month.

https://www.thecable.ng/where-is-the-money-saved-tuc-asks-fg-to-account-for-petrol-subsidy-removal-gains/amp

TSA ofcourse

Telling lies is number policy of Tinubu's government. Shameless liar.

SpecialAdviser:
When a drug lord promise to save your money

A drug lord can actually save money but I doubt if a kleptomaniac like Tinubu can save. It seems impossible.

Dem go ask taya ke!
Money is used to buy justice all over the world.

The jobless youth @Templarlandry will avoid this thread like leprosy?

Wait for supplementary budget.


Let's not deceive ourselves, the government is now richer than before but no expenses can be made outside the budget.

In the lieu of the above, I implore every sane Nigerians to be patient and only criticise when the budget is not well implemented.

Moreover, everyone is not a member of both TUC and NLC, what happens to ordinary people on the street if only your demands are met?

I call on the president and the national assembly to FasTrack the passage of the supplementary budget into law.

But the TUC and NLC should not bully the president to act only on their damand without due process being followed.

If I were the president, I will dare you to go on your so called indefinite strike, I will start by not paying your salaries for this month and get you sacked with your replacements waiting on the wing.

Idiots.

GOFRONT:
TSA ofcourse

How do you know? Do you have evidence for this?

Obaofaba:
Wait for supplementary budget.

Do you mean gains from subsidy removal is saved inside supplementary budget?

Already shared among cronies.

AntiTerrorist:
Telling lies is number policy of Tinubu's government. Shameless liar.
A drug lord can actually save money but I doubt if a kleptomaniac like Tinubu can save. It seems impossible.

Any savings from a drug lord is used to settle cartel members and for their individual benefits.

The money is in the mail box of our legislathieves, executhieves and Judithiefciary

AntiTerrorist:
Telling lies is number policy of Tinubu's government. Shameless liar.
A drug lord can actually save money but I doubt if a kleptomaniac like Tinubu can save. It seems impossible.

Any savings from a drug lord is used to settle cartel members and for their individual benefits. Only few like a cup of rice and 1000naira palliative for agbadorians

The "saved" money are inside emilokan's Bullion vans.

Ransack Bourdillon city..the era of Bullion vans missing the route on their way to CBN is here.

It was tested during the time of their darling disaster Buhari.

balablu has used part of the money to settle his criminal cronies who helped him to grab it, snatch it and run away with it


the remaining part is being used for balablu medical panel beating in Paris

You are asking a government with conglomerate of hardened criminals this question. Have you forgotten the APC called subsidy a crime but have been enjoying that scam/fraud for the past 8 years running?

AntiTerrorist:
How do you know? Do you have evidence for this? Do you mean gains from subsidy removal is saved inside supplementary budget?

Illiterate you are, so the president can spend money outside the budget without getting impeached?

Racoon:
You are asking a government with conglomerate of hardened criminals this question. Have you forgotten the APC called subsidy a crime but have been enjoying that scam/fraud for the past 8 years running?

Is your Pandora poster boy against the same pms subsidy removal?

Chief wailer of nairaland.

Ewu

This Osifo is really a new comer oh! Instead of him to be asking where is my own share of the money looted from subsidy removal, he is there yanhing dust!

After all, obidients Messiah didn't do anything in Anambra state for 8 years.

He claimed to have saved the money in the bank which he has interest and invested the rest in Hero Beer which later worth next to nothing.

So Mr Osifo shouldn't be apprehensive, president Bola Ahmed Tinubu GCFR is not and will always be different from the Pandora.

Nigeria is in a safe hands.

SpecialAdviser:

Any savings from a drug lord is used to settle cartel members and for their individual benefits. Only few like a cup of rice and 1000naira palliative for agbadorians

Why are you complaining on their behalf?

It seems you are really suffering just like majority of your people.

Why is complaints only coming from one section of the country?

Even the core northerners are not feeling the heat like you guys.

Why?

Now, we know who's truly almajiri.

Obaofaba:


Illiterate you are, so the president can spend money outside the budget without getting impeached?

What do you mean by illiterate? Do you think Tinubu would be impeached if he spends outside the budget? Who will impeach him? Well, I don't think your question is an answer to my initial questions or in any way related to this thread. Good day.

Good question

AntiTerrorist:
What do you mean by illiterate? Do you think Tinubu would be impeached if he spends outside the budget? Who will impeach him? Well, I don't think your question is an answer to my initial questions or in any way related to this thread. Good day.

That's why I called you an illiterate.

Now go back and read through an interpreter.

Let him explain it to you very slowly.

Have a great day Sir.

Savedday2:
This Osifo is really a new comer oh! Instead of him to be asking where is my own share of the money looted from subsidy removal, he is there yanhing dust!

If everyone follows the footsteps of Tinubu, the kleptomaniac drug baron by stealing everything stealable and sharing everything sharable, how will this country become better? How will posterity judge us? Remember your future generations.

Obaofaba:


Why are you complaining on their behalf?

It seems you are really suffering just like majority of your people.

Why is complaints only coming from one section of the country?

Even the core northerners are not feeling the heat like you guys.

Why?

Now, we know who's truly almajiri.

Feeling the heat like we guys . When you think you have heard it all

AntiTerrorist:
If everyone follows the footsteps of Tinubu, the kleptomaniac drug baron by stealing everything stealable and sharing everything sharable, how will this country become better? How will posterity judge us? Remember your future generations.

Furnish us with evidence and don't be miserable like your master who went to the tribunal without evidence.

Why are you guys so bittered?

Is bitterness a trade you learnt or you were born with it?

Obaofaba:
Wait for supplementary budget.


Let's not deceive ourselves, the government is now richer than before but no expenses can be made outside the budget.

In the lieu of the above, I implore every sane Nigerians to be patient and only criticise when the budget is not well implemented.

Moreover, everyone is not a member of both TUC and NLC, what happens to ordinary people on the street if only your demands are met.

I call on the president and the national assembly to FasTrack the passage of the supplementary budget into law.

But the tuc and NLC should not bully the president to act only on their damand without due process being followed.

If I were the president, I will dare you to go on your so called indefinite strike, I will start by not paying your salaries for this month and get you sacked with your replacements waiting on the wing.

Idiots.

Oga, you are not making any sense.

The TUC asked simple questions: where was the money saved and how much do you have there?

They didn't ask for a lengthy sermon.

Why are simple things difficult for you people to understand?

Unfortunately, you are just a foot soldier and cannot answer the question. Your role is just to defend absurdly.

SmartPolician:


Oga, you are not making any sense.

The TUC asked simple questions: where was the money saved and how much do you have there?

They didn't ask for a lengthy sermon.

Why are simple things difficult for you people to understand?

Unfortunately, you are just a foot soldier and cannot answer the question. Your role is just to defend absurdly.

Listen to yourself again, you said they only asked the government where is the money.

You want the government to answer that foolish question?

The president has already said the country has now saved one trillion naira, what else do you want?

The truth is, they want their demands met which is not possible without reviewing the budget.

So?

What do you mean by savings? We're owing how many trillions, and you're mentioning savings. You people need some business knowledge.

dahmie2013:
What do you mean by savings? We're owing how many trillions, and you're mentioning savings. You people need some business knowledge.

Don't you know Tinubu is a master strategist? He can be borrowing and saving at the same time. That's what he told us and his foot soldiers believe him.