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Tinubu, Labour Unions Set For Meeting As Petrol Price Skyrockets

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Barely 24 hours after President Bola Ahmed Tinubu declared total removal of fuel subsidy, many reactions, developments and moves by various stakeholders have trailed the announcement. Frontally among the latest moves is the resolve by Tinubu himself calling the leadership of the organised labour bodies: Trade Union Congress and Nigeria Labour Congress for a meeting.

In order to douse the brewing tension within the labour circle and anxiety among members of the public, The Eagle Online learnt that Tinubu has invited the leadership of the TUC and NLC to the Aso Rock Villa for a jaw-jaw, as well as to seek understanding and amicable resolutions with Labour leaders on the trending issue. Some sources said the meeting may hold as early as 7pm on Tuesday (today).

Recall that on Monday, President Tinubu declared in his inaugural speech that fuel subsidy “is gone”. He explained that the humongous sum being spent on subsidy would be subsequently diverted to develop health, education and other key sectors.

However, what followed the announcement was an outrageous hike in the pump price of Premium Motor Spirit, otherwise called petrol. It was learnt that a litre of the product is now being sold as high as over N600 in a lot of states. In Anambra State for instance, residents lamented on Tuesday about the not less than 200 per cent hike in the price of fuel by the marketers. Ebonyi State appears to be the worst, with the product being dispensed by some outlets for as much as N1,200 per litre.

Although, many have speculated that Tinubu would pronounce the removal of fuel subsidy as the Petroleum Industry Act was expected to come into full force by July 2023. Also, the outgone government of former President Muhammadu Buhari did not make any provision for subsidy in this year’s budget. There were clear indications that if subsidy was sustained, the country will need not less than N6 trillion this year to pay marketers.

The announcement by President Tinubu accounted for the queues observed at some petrol stations over weekend and up till press time on Tuesday in major cities across the country. The queue is now full blown as many marketers, as usual, have refused to sell, leaving the very few selling to be besieged by the anxious and panicking customers.

Most significantly, the meeting at the instance of President Tinubu might not be unconnected with the threat of showdown between the Federal Government and Organised Labour. For instance, the TUC in a statement signed on Monday by its National President, Comrade Festus Osifo, and Secretary-General, Comrade Nuhu Toro, groused that despite being encouraged by President Tinubu’s pledge to work harmoniously with workers and their leaders, the Labour leaders were subsequently horrified when he announced the withdrawal of subsidy on petroleum products.

The statement said: “If by this, he means increases in pump price and the exploitation of the people by unregulated and exploitative deregulated prices, then it’s a joke taken too far. It is not for nothing the Buhari government pushed this to the new administration, but we expect the Tinubu government to be wise on such a sensitive issue and be more explicit in its pronouncement to avoid contradictory interpretation when comparing his written statement, what he said and the provision in 2023 appropriation act. We dare say that this is a very delicate issue that touches on the lives, if not very survival, of particularly the working people, hence ought to have been treated with utmost caution, and should have been preceded by robust dialogue and consultation with, the representatives of the working people, including professionals, market people, students and the poor masses.”

Consequently, the TUC demanded that President Tinubu should tarry awhile to give room for robust dialogue and consultation and stakeholders engagement, just as he opined in his speech, until all issues and questions – and there are a host of them – are amicably considered and resolved. Nigerian Workers and indeed masses must not be made to suffer the inefficiency of successive governments. The proposed meeting, it is believed, is meant to clarify some aspects of the raging controversy.

Tinubu in his inaugural speech stated that the 2023 budget did not provide for subsidy. It was also indicated in another quarter that the full implementation of the removal is not immediate, rather to be effective from June ending.

What follows after Tinubu’s proposed meeting with labour Union Leaders is unpredictable. Still, whatever the outcome, Nigerians have been exposed to another round of fuel scarcity anguish, worry and lamentation in the last 24 hours or more.

This, certainly, is too early an agony for Nigerians to witness with a new administration barely 48 hours in power. Obviously, Tinubu must act very fast to nip in the bud the imminent crisis before it escalates beyond expectations!

BIG STORY

JUST IN: Atiku, Obi, El-Rufai, Opposition Coalition Leaders Arrive For ADC Unveiling

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Leaders from different opposition parties are converging at the Yar’Adua Centre in Abuja for a press briefing organised by the African Democratic Congress (ADC).

Those already present include former Vice-President Atiku Abubakar; Peter Obi, the 2023 presidential candidate of the Labour Party (LP); Nasir el-Rufai, former Kaduna governor; and Dino Melaye, a former senator.

Also in attendance are Solomon Dalung, former minister of youth and sports; media figure Dele Momodu; ex-senator Gabriel Suswam; and Ireti Kingibe, a current LP senator.

Others present include Rotimi Amaechi, ex-governor of Rivers; and Emeka Ihedioha, former deputy speaker of the house of representatives.

The event has drawn participation from members of the Peoples Democratic Party (PDP), the Social Democratic Party (SDP), and the LP.

Former Senate President David Mark led other coalition members into the hall as the programme began.

Also in attendance are Rauf Aregbesola, former Osun governor and interim national chairman of the ADC; and Aminu Tambuwal, ex-governor of Sokoto.

Earlier in the day, the ADC coalition unveiling faced a disruption after the original venue cancelled the booking at the last minute.

The event was initially planned for the Wells Carlton Hotel and Apartments in Asokoro, Abuja.

Just hours before the scheduled time, organisers were notified that the hotel would not proceed with hosting the event.

A screenshot of the hotel’s notice, shared by Momodu on Instagram, cited an “internal compliance matter” as the reason for the cancellation.

Following the development, the coalition secured the Yar’Adua Centre as an alternative venue.

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BIG STORY

I’m Not In Any Coalition, Still A Labour Party Member — Abia Governor Alex Otti [VIDEO]

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Abia State Governor, Alex Otti, has reaffirmed his commitment to the Labour Party, stating that he is not part of any coalition and has neither attended nor been invited to any meeting organised by such groups.

During an interactive session with members of the Abia State Global Economic Council in Umuahia, Otti emphasised that he is focused on fulfilling the responsibilities entrusted to him by the people of Abia and is not seeking to join another party.

Addressing the issue of a reported crisis within the Labour Party, Otti acknowledged that the party had faced challenges, which were resolved through the Supreme Court.

 

Watch video below:

Video credit: Channels TV

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BIG STORY

JUST IN: Rauf Aregbesola Agrees To Serve As ADC Interim Secretary

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Former Osun State Governor Rauf Aregbesola has accepted the role of Interim National Secretary of the African Democratic Congress (ADC).

Aregbesola explained that his decision stems from concerns that most political parties in Nigeria operate without clear ideological direction.

In a statement shared on his verified Facebook page, he criticized existing political parties, describing them as hollow entities that unite and split based not on values or policies, but on the pursuit of power and personal interests.

He said: “ACCEPTANCE SPEECH BY OGBENI RAUF AREGBESOLA ON HIS APPOINTMENT AS THE INTERIM NATIONAL SECRETARY, ADC – The party platform adopted by the National Opposition Coalition Group – Tuesday, 1st July, 2025

“Dear Party Leaders, Distinguished Members, Friends, and Fellow Citizens,

“It is with deep humility, a profound sense of duty, and unwavering hope for our people, nation, race and party and that I accept the appointment as The National Secretary of our great party.

“I thank the leadership for the trust reposed in me. But more than that, I thank every committed member of this party and those who still believe that politics can be a force for good; people who believe that parties form government and must control it; those who believe in the supremacy of the party in a democracy and all products of democratic contests; those who recognise that parties must stand for and with the people in the promotion of their interests and aspirations; that parties therefore are not merely machines for winning elections but institutions for mobilizing, organizing, energizing, educating, empowering and encouraging the people towards their emancipation and development.

“Let me begin by saying this: a political party is not a platform for opportunism. It is not a mere vehicle to power for the few, nor a tool for personal ambition. A political party, in its truest form, is a living institution built on values, guided by ideals and accountable to the people it seeks to serve.

“Throughout Africa’s history and particularly in the legacy of the African National Congress (ANC) of South Africa, a 113-year behemoth of party organization that is impeccable in its credibility as a model of supremacy of party over its creation (government and popularly elected officials) have seen what a party grounded in ideology, principle, and people-centered struggle can achieve.

The ANC is not perfect, but it stands for something. It was forged in resistance, sharpened by vision, and led by men and women who believe in justice, dignity, equality, inclusivity of all interests and true freedom. It has character. It has soul. It is therefore a true platform for the expression of their aspirations.

“Sadly, in Nigeria today, we cannot say the same about many of our political parties. Our political landscape is plagued by parties that lack ideological depth. They are empty shells merging and splitting, not over policy or principle, but over power and personality. There is little regard for the people, and even less for the country.

“That is not the kind of party we must be. That is not the kind of party I will serve. As The National Secretary, I will work to build a party that has a clear ideological compass, a party that is absolutely committed to the people, rooted in democratic values, rule of law, social justice, accountability, transparency and national development. A party that listens and works for to the people, not only during elections, but every single day.

“We must become an institution where:

(1) Internal democracy is not just preached but practiced.

(2) Intra-party competition is transparent, fair, and just.

(3) All party structures from the ward to the national level and function effectively and efficiently.

(4) Young people, women, and the marginalized have a real voice, not symbolic inclusion.

(5) All special and critical interests (security, educators, farmers, workers, women, youth, professionals, people with special needs, etc. must be recognised and allowed to have autonomous structures within the party.

“We will model international best practices in party organization, administration, and ethics. We will study what works, from South Africa to Sweden, from Chile to Kenya and adapt to them into what fits our local reality. Discipline, order, clarity of purpose, and service to the people must define us.

“We must be the party that talks about public education and actually builds schools. That speaks of security and supports real policies to keep our communities safe. That believes in jobs and works to create them. That stands for Nigeria not just during elections, but in everyday governance.

“This is not an easy task. It will take time. It will demand sacrifice. But it can be done.

“I ask for your support not just in words, but in action. Hold me accountable. Challenge me when I stray. And stand with me as we begin this journey to rebuild our party, restore its soul, and return politics to its rightful place – as a service to the people. Thank you, and may our work ahead be worthy of the hopes our people place in us.”

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