27.2 C

Fuel price hike, “against the spirit and content” of agreement with FG – NLC

Must read

The Nigeria Labour Congress on Monday said the recent increase in the pump price of Premium Motor Spirit (Petrol) from between N158nd N162 per litre to N168 and N170 per litre, was out of sync with what they agreed with the federal government during negotiations on how to mitigate the effect of the last price increase on Nigerians.

Reacting to the development in a statement in Abuja on Monday, the NLC President, Ayuba Wabba noted that the hike 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.”

The statement titled, ‘The NLC condemns and rejects the recent increase in the price of petrol,’ argued that Nigerians cannot be made to suffer for the failure of the government to manage the refineries.

The congress stressed that the nation would not have been in this precarious situation if the government had been alive to its responsibilities, noting that there was a limit to what the citizens can tolerate if the price hike led to increase in the cost of foods and services.

It asked the government to declare a state of emergency in the downstream petroleum sector and as a follow up to this, enter into contract refining with refineries closer home.

This, the NLC pointed out would ensure that the cost of supplying crude oil is negotiated away from the prevailing international market rate and thus lead to reduced landing cost.

The congress underlined the need for the government to stamp out the smuggling of petroleum products out of the country and prosecute smugglers.

It stated, “We need to see big-time petroleum smugglers arraigned in the court of law and made to pay for their crimes against the Nigerian people. Government has the resources available to it to ensure this economic justice to Nigerians.

“The question in the minds of many Nigerians is whether the government is willing to go against major financiers of the major political parties known to the public as the architects of the current national woe.”

It stated, “In line with our recent agreement with the government, we will be receiving updates in the next few days from our unions in the petroleum sector which have been given the mandate to keep surveillance on government promise to overhaul our public refineries.

“We will also receive updates from our representatives in the electricity review committee. The updates we receive will determine whether the government has kept to its side of the bargain which is to take serious steps to recover and reposition our public refineries.

“The outcome of this engagement will determine our response in the coming days. But while we are at that, we condemn the recent price increase and we call for its reversal with immediate effect.”

- Advertisement -

More articles


Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

%d bloggers like this: