• Home
  • Top Stories
  • News
    • Photo News
  • Politics
  • Business
  • Crime & Security
  • Sports
  • Intimacy
  • About Us
    • Contact Us
    • Privacy Policy
    • Advert Rate
  • More
    • Opinion
    • Lifestyle & Entertainment
    • Foreign News
    • Health
Facebook Twitter Instagram
Thursday, October 8
Facebook Twitter Instagram
Prompt News
  • Home
  • Top Stories
      Featured

      Ashibogwu Tutors Online Publishers On Monetising Digital Media

      News October 7, 2026
      Recent

      Ashibogwu Tutors Online Publishers On Monetising Digital Media

      October 7, 2026

      2027: Again, Lagos, Kano, Kaduna Lead As INEC Voter Register Hits 110m

      October 6, 2026

      All Is Set for GOCOP 10th Annual Conference in Lagos

      October 5, 2026
    1. News
      1. Photo News
      Featured

       GOCOP Trains Members On Deployment Of AI Tools to Boost Efficiency, Profitability

      News October 7, 2026
      Recent

       GOCOP Trains Members On Deployment Of AI Tools to Boost Efficiency, Profitability

      October 7, 2026

      Ashibogwu Tutors Online Publishers On Monetising Digital Media

      October 7, 2026

      Newsroom must create strategic knowledge to survive the new era – Max Amuchie

      October 7, 2026
    2. Politics
        Featured

        2027: Again, Lagos, Kano, Kaduna Lead As INEC Voter Register Hits 110m

        Politics October 6, 2026
        Recent

        2027: Again, Lagos, Kano, Kaduna Lead As INEC Voter Register Hits 110m

        October 6, 2026

        Zamfara Speaker says 8 defected lawmakers were suspended long ago for gross misconduct

        October 5, 2026

        2027: Tompolo rallies Taraba for Tinubu, donates 25 campaign vehicles

        October 3, 2026
      1. Business
          Featured

          EHA Impact Ventures Helps Moppet Foods Launch Operational Biodigester, Cutting Emissions Across Its Lagos Factory

          Business October 7, 2026
          Recent

          EHA Impact Ventures Helps Moppet Foods Launch Operational Biodigester, Cutting Emissions Across Its Lagos Factory

          October 7, 2026

          NNPCL 2025 AFS: The Numbers Tell a Story of Transformation

          October 7, 2026

          PenCom reforms will open pension scheme to more Nigerians- DG

          October 7, 2026
        1. Crime & Security
            Featured

            Woman kills newborn son with razor blade days after delivery

            Crime & Security October 7, 2026
            Recent

            Woman kills newborn son with razor blade days after delivery

            October 7, 2026

            Abacha family, developer urged to return to arbitration over Lagos property dispute

            October 7, 2026

            33-year-old caught sitting FCT promotion exam for father

            October 7, 2026
          1. Sports
              Featured

              Flamingos arrive in Casablanca  for 2026 U-17 Women’s World Cup

              Sports October 7, 2026
              Recent

              Flamingos arrive in Casablanca  for 2026 U-17 Women’s World Cup

              October 7, 2026

              27 Days to AACT 2026: Nigeria Promises A Different Experience, Hosts Africa Again

              October 7, 2026

              Super Eagles fall to 30th in latest FIFA rankings

              October 7, 2026
            1. Intimacy
            2. About Us
              • Contact Us
              • Privacy Policy
              • Advert Rate
            3. More
              • Opinion
              • Lifestyle & Entertainment
              • Foreign News
              • Health
            Prompt News
            Home » Petroleum Deregulation: Group Cautions NLC, TUC Against Planned Protests
            News

            Petroleum Deregulation: Group Cautions NLC, TUC Against Planned Protests

            Prompt NewsBy Prompt NewsJanuary 24, 2022No Comments3 Mins Read
            Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email

            Warning: Attempt to read property "post_excerpt" on null in /home/promptne/public_html/wp-content/themes/smart-mag/partials/single/featured.php on line 62

            Warning: Trying to access array offset on value of type bool in /home/promptne/public_html/wp-content/themes/smart-mag/partials/single/featured.php on line 68
            Share
            Facebook Twitter LinkedIn Pinterest Email

            By Tony Obiechina Abuja 


            The Concerned Citizens Project (CCP) has cautioned the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) over their threat to embark on nationwide protests against the planned removal or deregulation of fuel subsidies by the Federal Government.


            In a statement jointly issued by its National Coordinator, Dr Bello Musa Gwani, and National Secretary, Sylvester Koni on Monday, the group described the planned organised labour action as “misguided, unwise and self-defeating”.


            According to the statement, the leaders of NLC and TUC should rise up to their duties “and stop playing to gallery or the books of some elites who are benefitting immensely from the petroleum subsidy”, advising that they should instead get their acts together by putting the future and survival of Nigeria first.


            The statement further reads, “The intended strike and protest will put a halt on the operations of government offices, banks, shopping centres and schools, transportation workers and will also significantly affect the informal sectors including markets and local transportation services. 


            “This will cause an untold hardship on Nigerians and have significant damaging effect on an already struggling economy. Paralysing the country of more than 200 million people, majority of the citizens live on daily wage will be highly irrational.


            “Moreover, considering the delicate security situation in the country, it will be of great concern that provocateurs and anarchist can hijacked such protests and demonstrations, or hide under the cover of protestors and promote discord, anarchy and unleash mayhem to the detriment of public peace.

            We have all witness how criminal elements hijacked the End SARs protest, and the amount looting and burning that took place, while turning into tribal violence and killings in some states. 


            “Similarly, politicians and other interests beyond the implementation of the deregulation policy can hijacked the national protest to derive personal and selfish agendas. It is thus imperative for NLC and TUC leaders to avoid putting Nigeria in such delicate security situation.


            “For most oil producing countries, high oil prices means high government earning, more spending on education, health, infrastructure, poverty alleviation etc. Unfortunately, that is not the case in the Nigeria, as the high profit margin earn from high oil price is largely swallowed by petroleum subsidy. 


            “If NLC and TUC leaders are not in terms with the proposed stoppage to paying petroleum subsidy despite the glaring evidences of the failure of the scheme, they can explore other avenues to prevent high petroleum price in the country. One important option is to engage with the government to find a more suitable solution. 


            “For example by putting pressure on the government to revamp the three national refineries (in Kaduna, Warri and Port-Harcourt) which can play a significant role in easing the pressure on our forex reserve thus strengthening our currency. A strong Naira and local refining capacity will make the petroleum products cheap even without subsidies. 


            “In addition if these refineries are revamped, hundreds of thousands of direct and indirect jobs will be created, thus creating a multiplier effect in the fight against poverty and the growth of our economy”.


            The group also enjoined the leadership of the NLC and TUC to be mindful that in pushing the interest of Nigerians forward, “they need to choose options that will not worsen our security situation; is economically sustainable and that which will open brighter future to Nigerian’s economy and teaming populace – a  lot of which are unemployed”.

            Fuel subsidy removal Organised Labour Petroleum deregulation
            Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
            Previous ArticleSNEPCO Receives Crystal Award at PH Polo-Club 50th Anniversary
            Next Article Burkina Faso President Kabore detained in military camp – Sources
            Prompt News

              Related Posts

               GOCOP Trains Members On Deployment Of AI Tools to Boost Efficiency, Profitability

              October 7, 2026

              Ashibogwu Tutors Online Publishers On Monetising Digital Media

              October 7, 2026

              Newsroom must create strategic knowledge to survive the new era – Max Amuchie

              October 7, 2026
              Add A Comment

              Comments are closed.

              Recent Posts
              •  GOCOP Trains Members On Deployment Of AI Tools to Boost Efficiency, Profitability
              • Ashibogwu Tutors Online Publishers On Monetising Digital Media
              • Newsroom must create strategic knowledge to survive the new era – Max Amuchie
              • EHA Impact Ventures Helps Moppet Foods Launch Operational Biodigester, Cutting Emissions Across Its Lagos Factory
              • Woman kills newborn son with razor blade days after delivery

              CONTACT INFORMATION

              Prompt News Online is published by PNO Dynamic Media Limited.

              Address: Suite 24, Abebi Plaza, Oluseyi, Sango – Eleyele Road, Ibadan, Oyo State, Nigeria.

              Managing Editor/CEO: Akeem Oyetunji

              Email: promptnewsonline@gmail.com or editor@promptnewsonline.com

              Phone/WhatsApp: +234806 286 2057
              Or 0805 386 6284

              ABUJA OFFICE: 
              Address: Suite D76, EFAB Mall
              Off Gimbya Street, Area 11, Garki, Abuja
              ABUJA BUREAU EDITOR: Harry Awurumibe
              Phone: 0803 302 4300
              Email: harryawurumibe360@gmail.com
              UK OFFICE:
              Address: 34 Skipper Court,
              Abbey Road, IG 11 7GW.
              Barking, London, UK.
              EDITOR EUROPE: Bolaji Oyegunle
              Phone +447878196776
              Email: gb10oyegunle@gmail.com
              © 2026 Prompt News Online. Designed by DeedsTech.
              • About Us
              • Contact Us
              • Advert Rate
              • Privacy Policy

              Type above and press Enter to search. Press Esc to cancel.