By Franklin Alli
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.
Read also; see the new fuel Price
“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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