The Nigeria Labour Congress (NLC) has countered President Bola Tinubu over the claim that N1 trillion has been saved since his government stopped the payment of fuel subsidy.

In a nationwide broadcast on Monday, the president had said a total of N1 trillion had been saved since subsidy payment was stopped.




“In a little over two months, we have saved over a trillion Naira that would have been squandered on the unproductive fuel subsidy which only benefitted smugglers and fraudsters. That money will now be used more directly and more beneficially for you and your families,” he had said.

But speaking during the ongoing nationwide protest of orgaised labour, Comrade Joe Ajaero, NLC President, said the committee that the Federal Government set up to negotiate with Labour disclosed that not a single kobo had been saved.

But, President of NLC, Joe Ajaero, said no amount has been saved so far.


Ajaero spoke when he alongside Festus Osifo of the Trade Union Congress (TUC), led protesters to the national assembly complex on Wednesday.

“Mr President talked about N1trillion saved. The committee where we meet, they told us that no one kobo has been saved so far. Therefore, we have not agreed on what to pay anywhere,” he said.

During his inaugural speech on May 29, President Tinubu had announced the removal of fuel subsidy, leading to increase in the price of petrol from N195 to N540 per litre.

Earlier this month, the price was increased to N617 per litre.

Daily Trust reports that the increase in petrol prices has already led to a hike in the prices of goods. Worst affected are foodstuff and transportation.

Nigerians have been lamenting the effect of subsidy removal on their lives, but the Tinubu administration has repeatedly promised relief.

Earlier this month when he hosted class of 1999 Governors, the President appealed for more patience from Nigerians.

He assured Nigerians that the framework for palliatives to remedy the effects of fuel subsidy removal was being worked out.

“I understand that our people are suffering yet there can be no childbirth without pain. The joy of childbirth is the relief that comes after the pain. Nigeria is reborn already with fuel subsidy removal. It is a rebirth of the country for the largest number over a few smugglers. Please tell the people to be a little patient.

“The palliative is coming. I don’t want cash-transfer to fall into wrong hands. I know it pinches and it is difficult. In the end, we will rejoice in the prosperity of our country,’’ he had told the governors, who were led by former Governor of Edo State, Lucky Igbinedion.

Tinubu had earlier written to the House of Representatives to seek an amendment to the 2023 supplementary appropriation act to accommodate N500 billion for provision of palliatives for Nigerians.


The parliament subsequently approved the request.

https://dailytrust.com/breaking-not-a-single-kobo-saved-nlc-counters-tinubus-n1trn-claim-on-subsidy-removal/

NLC are well in the know of what's happening in Tinubu government. The many lies of saving audio 1trillion naira and fake promises.

Nigerians are being fooled by Tinubu government yet again

Ajaero the Obidients miscreant

“Mr President talked about N1trillion saved. The committee where we meet, they told us that no one kobo has been saved so far. Therefore, we have not agreed on what to pay anywhere,” he said.

Tinubu is a notorious narcotics drug trafficker engaging in criminal state capture


He rode to power through lies, falsehood and propaganda and also by stealing, grabbing and running away with power

The evil party and lies are just inseparable....

.

None at all

FG do borrow money to fund subsidy.

Ofunaofu:
“Mr President talked about N1trillion saved. The committee where we meet, they told us that no one kobo has been saved so far. Therefore, we have not agreed on what to pay anywhere,” he said.

Tinubu is a notorious narcotics drug trafficker engaging in criminal state capture


He rod to power through lies, falsehood and propaganda and also by stealing, grabbing and running away with power

Attributes of users, lying.

Nlfpmod come and see o

This man is compromised. Focus on your demands, stop sounding like a political opponent. The position you are in does not make you alpha and Omega. This man should be checked, we can't allow one man bring chaos to Nigeria because of his personal interest and sentiments. He clearly is with labor party.

Okay

Joe Ajaero is national spoke man for Obidient claiming NLC president

Until we see improvement in the living standards of the average Nigerian, even
saving N1000trn remains irrelevant.

How many times do we have to explain this savings thing to some of you dumb heads. The savings is not cash in bank but expenditure that could have been incurred and paid for with loan if subsidy was not removed.

Obviously, because if they was savings why would the illegitimate president apply for loan to cushion the effect of subsidy removal?





The amusing thing here is how APC that berated Peter Obi for saving in Anambra state is now trying to save money... 😅 😅 😂 What an irony!

seunmsg:
How many times do we have to explain this savings thing to some of you dumb heads. The savings is not cash in bank but expenditure that could have been incurred and paid for with loan if subsidy was not removed.

You've changed the goal post and I noticed that you always do this when your lies are bursted .

1 trillion naira my ass

The so called amount is the amount that was not borrowed if the subsidy was still existing.

001Lagos:

You've changed the goal post and I noticed that you always do this when your lies are bursted .

1 trillion naira my ass

Lol. Post just one screenshot of a comment I made on the subject matter that is different contextually from this one.

Why don’t you hold him to account for it instead of concluding abi?

Tinubu and anything APC are well known fraud. Hence they have sweet lies telling as a gene in their DNA.

Thîefnubu is a criminal from birth. The idiotic Thief said "na statistics we go chop" during presidential campaigns.

Oya bring the money make we chop naa since no be statistics. Useless demented sasquatch.

bhella10:
Ajaero the Obidients miscreant

That's why u will never make it....why do u keep reasoning with your anus

seunmsg:
How many times do we have to explain this savings thing to some of you dumb heads. The savings is not cash in bank but expenditure that could have been incurred and paid for with loan if subsidy was not removed.

Explain that to your children,that's if u have one

GeneralPula:
FG do borrow money to fund subsidy.

Surprised myself. The so called savings is more of cost savings than excess or cash savings

FacilitatorLekk:
This man is compromised. Focus on your demands, stop sounding like a political opponent. The position you are in does not make you alpha and Omega. This man should be checked, we can't allow one man bring chaos to Nigeria because of his personal interest and sentiments. He clearly is with labor party.

Yen yen SDFU how is he compromised

OlujobaSamuel:

Surprised myself. The so called savings is more of cost savings than excess or cash savings

Exactly..

seunmsg:
How many times do we have to explain this savings thing to some of you dumb heads. The savings is not cash in bank but expenditure that could have been incurred and paid for with loan if subsidy was not removed.

So where is the money that was not expended?

If you usually #1 and you decide not to spend again. Then, surely you will have #1 saved.

Where is that #1?

iwaeda:
The Nigeria Labour Congress (NLC) has countered President Bola Tinubu over the claim that N1 trillion has been saved since his government stopped the payment of fuel subsidy.

In a nationwide broadcast on Monday, the president had said a total of N1 trillion had been saved since subsidy payment was stopped.




“In a little over two months, we have saved over a trillion Naira that would have been squandered on the unproductive fuel subsidy which only benefitted smugglers and fraudsters. That money will now be used more directly and more beneficially for you and your families,” he had said.

But speaking during the ongoing nationwide protest of orgaised labour, Comrade Joe Ajaero, NLC President, said the committee that the Federal Government set up to negotiate with Labour disclosed that not a single kobo had been saved.

But, President of NLC, Joe Ajaero, said no amount has been saved so far.


Ajaero spoke when he alongside Festus Osifo of the Trade Union Congress (TUC), led protesters to the national assembly complex on Wednesday.

“Mr President talked about N1trillion saved. The committee where we meet, they told us that no one kobo has been saved so far. Therefore, we have not agreed on what to pay anywhere,” he said.

During his inaugural speech on May 29, President Tinubu had announced the removal of fuel subsidy, leading to increase in the price of petrol from N195 to N540 per litre.

Earlier this month, the price was increased to N617 per litre.

Daily Trust reports that the increase in petrol prices has already led to a hike in the prices of goods. Worst affected are foodstuff and transportation.

Nigerians have been lamenting the effect of subsidy removal on their lives, but the Tinubu administration has repeatedly promised relief.

Earlier this month when he hosted class of 1999 Governors, the President appealed for more patience from Nigerians.

He assured Nigerians that the framework for palliatives to remedy the effects of fuel subsidy removal was being worked out.

“I understand that our people are suffering yet there can be no childbirth without pain. The joy of childbirth is the relief that comes after the pain. Nigeria is reborn already with fuel subsidy removal. It is a rebirth of the country for the largest number over a few smugglers. Please tell the people to be a little patient.

“The palliative is coming. I don’t want cash-transfer to fall into wrong hands. I know it pinches and it is difficult. In the end, we will rejoice in the prosperity of our country,’’ he had told the governors, who were led by former Governor of Edo State, Lucky Igbinedion.

Tinubu had earlier written to the House of Representatives to seek an amendment to the 2023 supplementary appropriation act to accommodate N500 billion for provision of palliatives for Nigerians.


The parliament subsequently approved the request.

https://dailytrust.com/breaking-not-a-single-kobo-saved-nlc-counters-tinubus-n1trn-claim-on-subsidy-removal/

Its lie!!! Lying by EluuP and NLC is now a culture. Over 1 trillion saved. That’s true. All states have got far more than they used to get as a result of the savings.

FacilitatorLekk:
This man is compromised. Focus on your demands, stop sounding like a political opponent. The position you are in does not make you alpha and Omega. This man should be checked, we can't allow one man bring chaos to Nigeria because of his personal interest and sentiments. He clearly is with labor party.

Haha.., whose interests does Tinubu represents?

IamAtikulate:

So where is the money that was not expended?

If you usually #1 and you decide not to spend again. Then, surely you will have #1 saved.

Where is that #1?

We were borrowing to pay for the subsidy. The borrowing plan was to end in June anyway. So, there is no money anywhere. We removed subsidy and stopped borrowing to pay for it. It shouldn’t be so difficult to understand now.

Maybe there never a subsidy then or they started subsidizing something we do not knoe of.