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Again, FG Says No To N65 Petrol Price

Source: THEWILL. -
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SAN FRANCISCO, January 11, (THEWILL) – The Federal Government Wednesday maintained that it would not reverse its decision to remove the subsidy on petrol despite the mass protests and riots that have trailed the decision.

Information Minister, Mr. Labaran Maku, who spoke to State House correspondents after the weekly Federal Executive Council (FEC) meeting said though negotiations between government and labour had opened, “Deregulation is important and here to stay.”

The Minister accused labour leaders of bring hardship to business owners and Nigerians with the ongoing nationwide strike that entered its third day today.

Labour leaders and government representatives have been locked in negotiations facilitated by the Senate President, Senator David Mark. So far, no deal has been made between both parties on the fuel hike very contentious fuel subsidy.

Petroleum workers have threatened to shut off oil supply if government continues to maintain its hard line position.