As you may have heard, Nigerian lawmakers have passed a law that will see to the imposition of a 5% levy on petrol.

But Nigerian workers say they don’t want it.

They also don’t want the federal government to sell the power sector to individual businessmen after previous attempts failed.

The workers spoke under the aegis of the Trade Union Congress and the Nigeria Labour Congress as they commemorated the 2018 May Day.

The President, TUC, Bobboi Kaigama, stated that the union is totally against the 5% levy on the PMS, as he argued that the move was ill-timed.

Recall that in April, the Senate passed the harmonised version of the PIGB.

The aim is to unbundle the Nigerian National Petroleum Corporation and merge its subsidiaries such as the Department of Petroleum Resources and the Petroleum Products Pricing Regulatory Agency into one entity.

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The proposed law seeks to establish the Petroleum Equalisation Fund “into which shall be paid all monies payable to the Equalisation Fund, including a 5% fuel levy in respect of all fuel sold and distributed within the federation, which shall be charged subject to the approval of the minister (of petroleum resources).”

Commenting on the issue in his May Day message, Kaigama said, “We are against the 5% fuel levy hidden in the PIGB. The question is, why is it coming now that Nigerians are going through excruciating pains from the mismanagement of the economy?

“What is the necessity of the marginal levy when Nigeria has not fully broken the shackles of fuel scarcity? If the National Assembly cannot lessen our burden, they should not make it worse. That levy has to be removed immediately. The excuse that the money will be used to fund the Petroleum Equalisation Fund is not tenable.”

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