The Nigeria Union of Petroleum and Natural Gas Employees (NUPENG) and the Petroleum and Natural Fuel Senior Employees Association (PENGASSAN) has called on the Federal Government to ignore the International Monetary Fund (IMF) recommendation on gasoline subsidy, Nigeria news live reports.
Naija News Live understands that IMF Managing Director Christine Lagarde, during a press conference on Thursday on the joint annual spring conferences with the World FiNANcial institution in Washington DC, called on the Federal Government to take away fuel subsidy, saying it is the right thing to do.
Nevertheless, PENGASSAN and NUPENG in a joint statement described the counsel by IMF as toxic.
“The assertion of IMF has created panic in the nation with associated hoarding of petroleum merchandise, panic buying, skyrocketed will increase in costs of products and services within the nation,” the assertion mentioned.
It additional noted that “We learn with serious concerns and worries the reported assertion” on the state of the Nigerian economic system and “the unsolicited poisonous recommendation on the further restoration of the nation’s economic system.”
They mentioned, “It’s quite bewildering and baffling that the IMF shouldn’t be considering the pains and agonies Nigerians went by even to attain the acknowledged positive factors of 2018, with virtually two-thirds of the world’s hungriest people among Nigerians.
“One wonders why the IMF is still callously and wickedly advising the federal government to inflict extra pains and harm on the people.”
According to them, “This [IMF] statement is embellished and loaded with poisons, contemplating the antecedents of the IMF in our financial challenges and struggles over many years of our nationhood.
“The various devaluations of our foreign money on the strength of advices of the same IMF have been a very large burden on our nation for several years now.
“The management of NUPENG and PENGASSAN are conscious of what Nigerians are going through; we empathise with them and won’t turn a blind eye to any additional try to increase their pains and impoverish them additional.”
That is because the statement added that “We earnestly plead with President Muhammadu buhari to constantly put in mind the present hardship Nigerians are going through in our collective journey to financial restoration.
“Be it recognized that any financial policy that’s devoid of human feelings might result in extra social dislocations and upheavals.”