THE ruling All Progressives Congress (APC) has appealed to organised Labour not to be hoodwinked by skewed opposition party narratives
The party admitted that it was not unmindful of the financial strains brought by the increase in petrol pump price and electricity rates, but assured that with little endurance, Nigerians stand to enjoy gains soon.
“The All Progressives Congress is not oblivious of the financial strains brought by the increase in fuel pump price and electricity rates. We urge Nigerians to endure now and enjoy gains soon. The party noted with shock the estimates by the Nigerian Institute for Social and Economic Research which reported that the budget for fuel subsidies in 2019 was sufficient to enroll the entire population of Nigeria in the National Health Insurance Scheme , adding that fuel subsidies took over N10 trillion of our national resources since 2006.The statement reads: “At least, the generality of Nigerians and stakeholders agree on a thousand and one reasons why fuel subsidy has become unsustainable.
“While government works assiduously to solve the country’s electricity challenges permanently, it realises that many Nigerians and businesses still rely on alternative sources for power supply to meet electricity needs, hence its current focus on improving electricity and service delivery while also protecting poor and vulnerable Nigerians from arbitrary and estimated electricity billing.
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