Wednesday, December 1, 2021

NLC Rejects Planned Petrol Price Hike

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The Nigerian Labour Congress (NLC) has rejected the proposed increase in the petrol price by the federal government. The labour congress warned that an increase in the price of petrol will lead to hyper-inflation and a high in the cost of goods and services.

NLCNLC President, Comrade Ayuba Wabba, made the call in a statement he issued to newsmen in Abuja, entitled: ‘Nigerian workers refused to take the bait. According to him, the Group Managing Director, Nigerian National Petroleum Corporation, Malam Mele Kyari, announced that petrol could cost as much as N340 from February 2022.

NLCWabba said that the total amount involved in what he called the “queer initiative” was far more than the money the federal government claimed to spend currently on fuel subsidy. The Union restated its rejection of deregulation based on an import-driven model. It urged the Federal Government to consider options to help the nation embrace developmental governance and accountable leadership.

“The response of the Nigeria Labour Congress is that what we are hearing is the conversation of the Federal government with neo-liberal international monetary institutions. “The conversation between the government and the people of Nigeria, especially workers under the auspices of the trade union movement on the matter of fuel subsidy, was adjourned sine die so many months ago.

“Given the nationwide panic that has trailed the disclosure of the monologue within the corridors of government and foreign interests, the NLC wishes to maintain its rejection of deregulation based on import-driven model. “We wish to reiterate our persuasion that the only benefit of deregulation based on import driven model is that Nigerian consumers will infinitely continue to pay high prices for refined petroleum products.

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Photo Credit: Getty

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