HomeNewsTUC threatens strike...

TUC threatens strike over new petroleum tax

TUC threatens strike over new petroleum tax

The Trade Union Congress of Nigeria (TUC) has labeled the Federal Government’s proposed 5% tax on petroleum products a “reckless proposal,” calling it “nothing but an act of economic wickedness against already overburdened Nigerians.”

In a statement signed by its President General, Festus Osifo, and Secretary General, N. A. Toro, the union warned that implementing the tax would “compound suffering, cripple businesses, and push millions of citizens deeper into poverty.”

The TUC argued that the government should not continue to use Nigerians as “sacrificial lambs for its economic experiments.”

“Let it be clear: workers and citizens are still reeling from the pains of subsidy removal, skyrocketing fuel prices, food inflation, and a collapsing naira,” the statement read.

“To now introduce another levy on petroleum products is to deliberately compound suffering, cripple businesses, and push millions of citizens deeper into poverty. The government cannot continue to use Nigerians as sacrificial lambs for its economic experiments. Instead of offering relief, jobs, and solutions, it has chosen to further squeeze citizens dry. This is unacceptable!”

READ ALSO: NUPENG vs Dangote: Fuel marketers beg Tinubu to avert Monday strike

The TUC demanded that the government abandon this “anti-people’s plan” entirely, threatening to mobilise workers and the masses for a “total nationwide resistance” if its demand is not met. The union warned that “strike action is firmly on the table if the government dares to ignore this warning and go ahead to implement this policy.”

The TUC has instructed its state councils, affiliates, and structures to remain vigilant for further communication. The union also called on civil society organisations, professional bodies, and other groups to “stand in solidarity with us in this struggle.”

“Together, we must resist policies that seek to further impoverish citizens and mortgage our future. Enough is enough. Nigerians deserve economic justice, not endless punishment,” the TUC concluded.

Meanwhile, the Nigerian government is seeking to expand its tax base, with the Presidential Committee on Fiscal Policy and Tax Reforms Chairman, Taiwo Oyedele, stating that new tax laws will track evaders using bank accounts, National Identity Numbers (NIN), and phone numbers. Oyedele noted that the government aims to generate ₦50 trillion from the new laws to compensate for dwindling oil revenues.

“As long as you are captured through banking, National Identity Number (NIN), bank information, and phone number, you cannot evade tax again in Nigeria once you’re eligible,” Oyedele said.

Follow the Neptune Prime channel on WhatsApp:

Do you have breaking news, interview request, opinion, suggestion, or want your event covered? Email us at neptuneprime2233@gmail.com

Get notified whenever we post something new!

spot_img

Continue reading

What will they eat when they finish the money?, by Azu Ishiekwene

What will they eat when they finish the money?, by Azu Ishiekwene   The grave is never satisfied, but other things compete with it for insatiability. I can’t help feeling that some members of Nigeria’s National Assembly will vie for the...

Gaza Truce Brings ‘Joy and Pain’: Palestinians celebrate deal while confronting immense grief

Gaza Truce Brings 'Joy and Pain': Palestinians celebrate deal while confronting immense grief ‎ Story by Susan Mbamah  ‎ ‎Palestinians in Gaza reacted to news of a potential truce with a complex mixture of celebration and sorrow, as the prospect of peace forces...

WhatsApp to replace phone numbers with usernames

WhatsApp to replace phone numbers with usernames ‎ ‎Story by Susan Mbamah  ‎ WhatsApp is testing a significant update that would allow users to connect and chat without having to share their phone numbers. The new feature will let users create unique usernames,...