The House of Representatives on Wednesday, decried the loss of revenue to the coffers of the Federal Government as a result of the ongoing nationwide action by the organised labour. The House assured Nigerians that it would resolve the impasse between the Federal Government and the organised labour over the removal of fuel subsidy in the next 24 hours.
Addressing newsmen in Abuja, the chairman of the House committee on Labour, Honourable Essien Ekpenyong Ayi“ said that, "today is the third day of the ongoing strike and you will agree with me that government has lost a lot of resources running into billions of naira as a result of the ongoing strike. I am made to understand that Nigeria has lost as much as N158.9 billion on a daily basis from the ongoing strike. What is accrued to the Federal Government from her own share of the deregulation for 2012 is about N500billion from the N1.3trillion.
"Then if the strike is sustained for about five days, the government shall lose more than expected income and it shall thereafter become a wasted venture”, he said.
Ayi also disclosed that his conviction on resolving the impasse with the organised labour was based on positive responses from their representatives and those of the federal government at the ongoing parley with the two parties on the matter.
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