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The meeting, which began at noon at the Council Chambers of the State House, Abuja, is discussing the nationwide protests over the removal of fuel subsidy and the general strike fixed for January 9, 2012 by the Nigeria Labour Congress and Trade Union Congress.
The meeting began at 12:15pm.
Vice-President Namadi Sambo; Labour Minister, Emeka Wogu; and the Minister of National Planning, Shamsudeen Usman, are among those in attendance.
Absent from the meeting are Finance Minister, Mrs. Ngozi Okonjo-Iweala and Petroleum Minister, Mrs. Dieziani Alison-Madueke.
FEC last met on December 21 and adjourned till January 11.
NEWS UPDATE: 4:00PM
No going back on subsidy removal - FEC
The Federal Executive Council on Wednesday said it would not rescind the removal of the subsidy on petroleum products.Minister of Information, Mr. Labaran Maku, told newsmen at the end of the emergency FEC meeting at the Council Chambers of the State House, Abuja, that government was not unmindful of the pains being experienced by Nigerians, as a result of the action.
He said the Federal Government had commenced a ‘massive mass transit scheme’ to cushion the effect of the subsidy removal on transportation. Under the scheme, thousands of mass transit vehicles are to be distributed.
He was joined by the Minister of Trade and Investment, Mr. Olusegun Aganga; and the Minister of Transport, Idris Umar.
The emergency meeting, which was chaired by President Goodluck Jonathan, began at 12:15p.m and ended around 3:30pm.
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The cabal that are milking Nigeria dry would not want the removal of subsidies. They are content with the status-quo and would want to let that continue.
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