ABUJA — The Nigeria Labour Congress (NLC) rejected the planned petroleum price increase by the Federal Government by next year.
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, announced that petrol could cost as much as N340 from February 2022.
While the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed announced government’s plans to disburse N5000 to 40 million poorest Nigerians each as transport grants to cushion the effect of the planned removal of the fuel subsidy.
Comrade Ayuba Wabba, NLC President, in a statement issued to newsmen in Abuja, entitled:” Nigerian workers refused to take the bait, called on the Federal Government to consider options to help the country embrace developmental governance and accountable leadership.
“The review by the government to increase the price of petrol by more than 200 per cent was a perfect recipe for an aggravated pile of hyper-inflation and astronomical increase in the price of goods and services.
“This will open a wide door to social consequences such as degeneration of the current insecurity crises.
“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.
He 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.
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