To address Nigerians’ concerns, the Centre for Transparency Advocacy (CTA) has called for a transparent implementation of the subsidy palliatives being planned by the Federal Government.
Organized Labour, led by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), on Monday, agreed to suspend their planned strike as they continue negotiations with the government on subsidy removal.
Executive Director, CTA, Faith Nwadishi in a statement in Abuja, asked the Federal Government and organised labour to ensure that the best interests of Nigerians are prioritised as they negotiate the removal of subsidy on petrol.
CTA boss also proposed some approaches that she said will contribute to addressing the immediate challenges posed by fuel price hikes caused by the recent announcement of the removal of subsidy on petrol by the Federal Government.
She said,
“This plan should outline clear timelines, responsibilities, and performance indicators to ensure accountability and progress monitoring. Transparency and appropriate broad-based stakeholder consultations in the execution of the planned measures are crucial to maintaining public trust and ensuring the effective delivery of benefits to Nigerians.”
Nwadishi said while the resolutions reached between government and labour demonstrated positive steps towards addressing subsidy-related issues, it was of the opinion that these resolutions are very long-termed and so emphasise the importance of further actions to better serve the immediate interests of Nigerians.
She said the immediate reduction in PMS Price to cushion citizens’ pain as June 30 approaches were one of such short-term measures to consider.
She added,
“The need for an immediate reduction in the price of Premium Motor Spirit (PMS) to reflect the proposed date of subsidy removal, which is set for the 30th of June 2023. This reduction is crucial to alleviate the sudden financial burden on citizens while the palliative plan is implemented immediately.
“As the government and stakeholders work towards the successful implementation of the proposed palliatives, it is essential to take into consideration the immediate concerns of Nigerians who have been affected by the recent fuel price hike. Lowering the PMS price in anticipation of the subsidy removal will provide immediate relief to citizens, ensuring that their pains are cushioned during this transitional period.”
Nwadishi also urged the Federal Government, TUC, and NLC to clarify the specific timeframe for the utilisation of the World Bank loan of $800M, adding that this would ensure that the funds are allocated and utilised effectively for projects with high impacts, such as infrastructure development, job creation, and economic diversification.
“Alternative Palliatives to Cash Transfers: In addition to reviewing the cash transfer scheme, the CTA recommends exploring alternative palliative measures that have an immediate and impactful effect on the lives of Nigerians. These may include subsidised transportation fares, targeted support for vulnerable populations, and the provision of essential commodities at affordable prices,” she added.
