THE Organised Labour and Civil Society Delegates yesterday kicked against the removal of fuel subsidy as recommended by Committee on Public Finance and Revenue.
According to the Organised Labour, more than 70 per cent of productive activity in the economy rely almost exclusively on PMS power generators for their electricity generation asked the delegates to throw out the recommendation.
In a motion by the Joint Labour and Civil Society Delegation led by the President, Nigeria Labour Congress, NLC, Comrade Omar Abdulwaheed; President- General, Trade Union Congress, TUC, Comrade Boboi Kaigama; Civil Society Delegation leader, Mr. Femi Falani (SAN); NLC Acting General Secretary, Chris Ufot; TUC General Secretary, Musa Lawal; and a civil society delegation, Jaye Gaskia and co-sponsored by 41 others, they warned that if the recommendation sailed through and approved by the government, it was not only capable of inflaming passions, it would also provoke another round of of crisis comparable if not bigger than the anti-fuel subsidy removal protests of January 2012.
Opposing the removal, the delegates attributed the huge sum being paid on subsidy to what they termed, “ monumental corruption in the management of subsidy regime, adding that the prostrate state of power generation has given rise to the fact that homes and small businesses generate more than 80 per cent of their own power needs, adding,
“This is exemplified by the fact that subsidy payments before 2010 was below N600bm annually, whereas this figure jumped to N2.5tn in 2012, and dropped to N2.3 tn in 2013 after the mass and popular anti-subsidy removal protests of January 2012.
“The impunity that encourages and drives this monumental corruption, such that although daily consumption rate for PMS jumped from below 30 million litters per day up to3011 to almost 60 million litres per day in 2011, before dropping to 39 million litres per day in 2012, and lower than 38 million litres per day in 2013 without anyone ever being successfully indicted, prosecuted and punished for perpetrating, perpetuating, and providing official protection of this monumental corruption.”