Plot to Remove Fuel Subsidy : NLC Condemns IMF Pressure on FG

nlc-logoNigeria Labour ,NLC  has condemned the continuing pressure being mounted on the federal government to remove subsidies  on products.A statement by Comrade Kiri Mohammed ,deputy & chairman, economic commission, NLC  said “the pressure of the IMF on the Federal Government to withdraw subsidies on products is rather unfortunate.  For an organization whose history is replete with prescribed policies in the developing world which only served to pauperise the citizens of nations implementing such policies, one would expect that its officials would more circumspect in continuing to ram the throat of these nations the same destabilizing policies.

He  recalled that “ a WIT press briefing by the Senior Resident Country of the International Monetary Fund (IMF), while presenting the highlights of the Staff on the 2012 Article IV Consultation, once more reiterated the Fund’s often repeated advice to the Federal Government to withdraw the subsidy on products.  According to him, “elimination of subsidy would help fiscal adjustment, mobilise non oil revenues, strengthen oil price rule and oil saving mechanism”.

“The IMF, unfortunately, does not bear the mandate of and is not accountable to the citizens who bear the brunt of the of these policies.  Governments must realize that they rule and implement policies on behalf of citizens.  In the incessant contestations products pricing in our nation, some of which threatened the foundation of the nation and resulted in loss of lives and other grave costs, where has been the IMF?

The NLC  statement said “While we no immediate control the games of the IMF, we wish to once more remind the government that any petroleum price increase will resisted by Nigerians.  Government must careful not to compound the crises of insecurity, unemployment and poverty which today confront the nation.

“For the avoidance of doubt, the Nigeria Labour remains committed to resisting any price in the name of subsidy removal”,he said.

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