THE Nigeria Labour Congress, NLC, has advised the Presidency to cut social spending and jettison its planned fuel subsidy removal to avoid the wrath of Nigerians and save the nation from social uprising.
It warned that indices that gave rise to the uprising in North Africa and the Arab world were everywhere in Nigeria.
This came as strong indications emerged weekend that heads may roll in the oil industry following the resolve of Senate Probe Panel on fuel subsidy to expose the cartel in the alleged N1.5 trillion fuel subsidy fraud.
The panel disclosed that the Federal Government had been financing the fuel subsidy through a secret account, adding that the government might spend over N1.3trillion on fuel subsidy this year alone as against the N240 billion that was voted for it in the 2011 budget.
