The Nigeria Labour Congress (NLC) has rejected the planned petroleum price increase, urging the Federal Government to consider other options to cushion the effect of the proposed subsidy removal.
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, recently announced that petrol could cost as much as N340 from February 2022.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, re-echoed same on Tuesday at the launch of the World Bank’s Nigeria Development Update (NDU).
But President of the NLC, Comrade Ayuba Wabba, in a statement issued to newsmen and titled: ”Nigerian workers refused to take the bait’’, vowed that the labour movement in the country will reject any attempt to further increase the sufferings of Nigerians, particularly workers.
He described as “comical“ the bait by the government to pay 40 million Nigerians N5,000 as palliative, to cushion the effect of astronomical increase in the price of petrol.
Wabba, said that the total amount involved what he called “queer initiative“ was far more than the money government claimed to spend currently on fuel subsidy.
“The NNPC GMD said that the price increase would be consequent on the plans by the Federal Government to remove subsidy on Premium Motor Spirit, also commonly referred to as petrol or fuel.
“The grand optimism of the NNPC GMD was predicated on the claims that the removal of fuel subsidy is now backed by an act of parliament probably the Petroleum Industry Act which was recently signed into law,’’ he said.