The value-added tax (VAT) on diesel will no longer be applied for the following six months, according to the Federal Government.
It was a part of the resolution made during the meeting between government representatives and the leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), which took place at the State House on Sunday, according to a statement from Minister of Information and National Orientation Mohammed Idris.
As a result of the loss of the PMS subsidy, the minister stated that the government is “committed to accelerating the provision of Compressed Natural Gas (CNG) buses to ease public transport difficulties.”
In addition, the government stated that it is dedicated to providing funding for micro and small businesses.
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“NLC and TUC will consider the offers by the Federal Government with a view to suspending the planned strike to allow for further consultations on the implementation of the resolutions above,” the statement further stated.
Virtually attending the meeting presided over by the Chief of Staff to the President, Femi Gbajabiamila, were Governors Dapo Abiodun of Ogun State and Chairman of the Nigeria Governors Forum, Abdulrazak Abdulrahman of Kwara State.
Additionally present were Wale Edun, Minister of Finance and Coordinating Minister of the Economy; Mohammed Idris, Minister of Information and National Orientation; Simon Lalong, Minister of Labour and Employment; Nkeiruka Onyejeocha, Minister of State for Labour; Abubakar Atiku Bagudu, Minister of Budget and Economic Planning; Betta Edu, Minister of Humanitarian Affairs and Poverty Alleviation; and Doris Uzo, Minister of Industry, Trade, and
The NLC President, Joe Ajaero, the TUC Deputy President, Dr. Tommy Etim Okon, the NLC General Secretary, Emma Ugboaja, and the TUC General Secretary, Nuhu Toro were among the leaders of the labour delegation.
