Senates react to subsidy removal

The Senate on Wednesday mandated its leadership to urgently meet with President Goodluck Jonathan to work out ways and means to end the on-going strike called by organized labour over the removal of fuel subsidy.
 The Senate delegation to Jonathan would be led by the Senate President, Senator David Mark, according to a source at Wednesday’s closed session of the upper chamber.
 The source hinted that Senators mandated its leadership to also ask President Jonathan to suspend the removal of fuel subsidy until April 1, 2012 for full implementation of deregulation as earlier stated.
 He said that the lawmakers further resolved that the outcome of the meeting with Mr. President should be reported back to the Senate within 24 hours. read more when you continue


 The Nation gathered that the position of the Senate was articulated as “a soft-landing for Mr. President in the face of the prevailing insistence by organized labour not to back down on their demand for the reversal of full deregulation policy of the Federal Government.
 He noted that the senators were “highly concerned about the near shut down of the nation’s economy” occasioned by the on-going labour strike.
  Most Senators were said to have been alarmed that the announcement of subsidy withdrawal failed to take due cognisance of the prevailing security situation in the country.