The National Leader of All Progessives Congress, Mr Bola Tinubu has called on the Nigeria Labour Congress to call off the on-going indefinite strike and return back to negotiations with the federal government .
Mr Tinubu made the call in Abuja while addressing the leadership of the Nigeria Labour Congress on the need to suspend the industrial action on the increase of fuel price.
Mr Tinubu who said that the government’s decision to end the subsidy was difficult, stressed that the fuel ike was inevitable.
According to him, “with the dwindling revenue from oil due to the slump in global oil prices and a dwindling forex reserve, government had no option but to deregulate the oil sector.”
Mr. Bola Tinubu also said that government must however continue to monitor the market to guard against unjust enrichment that comes from attempts at price fixing.
He said the price of fuel was cheap, while there were hidden costs that made the subsidy regime an expensive and heavy yoke on the nation.
He said that” the present administration, after weighing the options, decided to do what is right by having the courage, to remove the oil subsidy thereby freeing the downstream component of this strategic sector of the economy from the distortions of price fixing.”
The APC leader said that the recent decision to allow the workings of supply and demand to determine the price of fuel would end arbitrary government price fixing.
He said that by ending price fixing, government regulation of the market would be eliminated.
The President of NLC, Mr Ayubba Wabba said the industrial action was not about personal issues but a development to address the issue of policy engagement.
He said that the labour had never refused any negotiation with the government on the basis of truth which the Labour stands for.
He also said that Labour is ready to open to resuming discussions.