Organised Private Sector, OPS, said, Monday, it was not in support of
strike by the Nigeria Labour Congress, NLC, over the new petroleum
price regime fixed by the Federal Government.
Chief Bassey Edem,
National President, Nigerian Association of Chambers of Commerce,
Industry, Mines and Agriculture, NACCIMA, arm of OPS, said: “We commend
the Federal Government for finally taking the bold step to remove
subsidy on petrol.
This is an attestation to the political will of this government to
put an end to incessant fuel scarcity, while reducing the pressure on
our foreign reserve as a result of huge demand for petrol import.
“In
view of the expected reduced pressure on our foreign reserve, which
this policy will bring about, it is also important that the resultant
benefit on our foreign exchange allocation be directed more towards the
real sector to hasten the development of our economy.”
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