NLC Rejects Petrol Price Increase

The Nigeria Labour Congress (NLC) has asked the federal government to reverse the pump price of Premium Motor Spirit (PMS) also known as petrol without any further delay.

Channels TV reports that the NLC president, Ayuba Wabba, in a statement on Monday, November 16, said the union took a swipe at the government and condemned the increase in the price of the product.

The labour union stated that the recent hike in petrol pump price has worsened the level of pain and anguish in the country.

The NLC said it is worrisome to make Nigerians continue to suffer for the failures of successive governments to properly manage the nation’s refineries, adding that the development has questioned the explanations made by the government on the payment of subsidy.

The union insisted that the nation would not have been in its present position if the government had been alive to its responsibilities.

It warned that Nigerians have a limit to tolerate the continued increase in the price of refined petroleum products and other essential goods and services. Wabba said: “There is no doubt that there is great disquiet in the land over the extraordinary level of inflation in the country.

The recent increase in the pump price of the Premium Motor Spirit (PMS) has only exacerbated the current level of pain and anguish in the country. “It has also cast in very bad light our utmost good faith with regards to government explanations that it lacks funds to continue bankrolling the so-called subsidy payments as such would sooner than later cripple the entire economy, throw the country into severe economic crisis and cause loss of jobs in millions.

Speaking on the way forward, the NLC asked the government to fix the nation’s refineries, stressing that several options were available to tackle the trend of high prices of refined petroleum products.

It also asked the government to declare a state of emergency in the downstream petroleum sector and seal refining deals with refineries closer to Nigeria.

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