The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has reversed its position on petroleum products subsidy and has declared its support for its total removal.
The union said that the subsidy funds should be channelled to the rehabilitation of refineries and infrastructural development in the country.
Speaking at a press conference on Monday, the President, NUPENG, Igwe Achese, stressed that if the government continued to fund the businesses of fuel marketers through subsidy and interest payments, fuel crisis in the country would continue unabated.
He therefore advised the government to deregulate the sector and reduce the dependence of the country on imported petroleum products.
Achese also questioned the failure of the Nigerian National Petroleum Corporation (NNPC) to provide fuel for Nigerians despite being the major oil importer in the country. In the same vein, he urged Lagos State Government to create access lanes especially for fuel tankers on the highways and trailer parks close to the depots to avoid further occurrence of gridlock on the roads.