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CTA Calls for Immediate Reduction in PMS Pricing to Cushion Citizen’s Pains

By Ruth Tene Natsa, Abuja

The Centre for Transparency Advocacy (CTA) has acknowledged the recent resolution reached between the federal government, the Trade Union Congress (TUC), and the Nigeria Labour Congress (NLC) in response to the fuel subsidy removal disputes and the recent fuel price hike by the Nigerian National Petroleum Corporation (NNPC).

The CTA noted that while these resolutions demonstrate positive steps towards addressing subsidy-related issues, they believe the resolutions are very long-termed and so emphasizes the importance of further actions to better serve the immediate interests of Nigerians. Specifically, the CTA urges the following:

Executive Director of the Centre, Faith Nwadishi, JP said there is a 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 palliatives 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”

She added that 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.

The statement noted that while appreciating the efforts made in reaching this resolution, CTA believes that more low-hanging and high-impact resolutions are necessary to address the immediate concerns of Nigerians and ensure a smoother transition away from the fuel subsidy regime.

Now that NLC and TUC have suspended the strike: “Centre for Transparency Advocacy Urges Immediate and Comprehensive Action in Response to Fuel Price Hike and NLC/TUC- Government Resolution.

The CTA further called for timely Utilization of the World Bank Loan by clarifying the specific time frame for the utilization of the World Bank loan of $800M to ensure that the funds are allocated and utilized effectively for projects with high impacts, such as infrastructure development, job creation, and economic diversification.

They also called for Alternative Palliatives to Cash Transfer as well as explore alternative palliative measures that have an immediate and impactful effect on the lives of Nigerians. These may include subsidized transportation fares, targeted support for vulnerable populations, and the provision of essential commodities at affordable prices among others.

The CTA remains committed to advocating for the best interests of Nigerians. We call on the federal government, TUC, and NLC to prioritize the needs and concerns of the citizens by considering these additional resolutions and ensuring their effective implementation. This comprehensive approach will address the immediate challenges posed by the fuel price hike and contribute to a more sustainable and equitable transition away from subsidy reliance.

The Centre for Transparency Advocacy (CTA) is a non-governmental organization committed to promoting transparency, accountability, and good governance in Nigeria.

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