Labour Suspends Strike as Fuel Price Becomes N97 Per Litre

The announcement came six hours after President Goodluck Jonathan announced a reduction of the pump price of petrol from N141 to N97.

The labour leaders said the decision to suspend the strike and protests was reached at the National Executive Council meetings of NLC and TUC, held on Saturday in Abuja.

They also said the N97 price was unilaterally reached by the Federal Government and that Labour remained resolute on its demand for a reversal to N65, also would continue to hold discussions with government on the implementation of the contentious deregulation programme.

Read Full text of the NLC/TUC statement as you continue....

Pro Fuel Subsidy Removal: Did Nollywood stars get N200K Bribe?

From DailyPost....

On Friday December 30,2011 at Eko Hotel and Suites,Victoria Island,Lagos,it became the turn of Nigeria movie industry to collect their own share of the “Ghana-must-go” loads of naira notes that have changed hands over the fuel subsidy removal.

At the very moment when Nigerian “suffering masses” have not forgiven Nollywood stars for campaigning and voting Mr. President into office as a result of all the millions they got,they have done yet another grievous offense by accepting his bags of money to support fuel subsidy removal and keep mute while the poor masses are crying.

The closed door meeting took place during the Nollywood Forum entitled,”Understanding Deregulation”. Mr. Oronto Douglas,who represented Mr. President,outlined various promises and millions that will be allocated to various sectors of economy, states and local governments when fuel fuel subsidy removal comes to existence,concluding that economic development will take off through all the billions that will be realized from subsidy.