The Nigeria Labour Congress (NLC) has disclosed a startling conversation with President Bola Tinubu, where he allegedly suggested that the price of petrol could skyrocket to N2,000 per litre.
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This revelation comes amidst ongoing negotiations for a new minimum wage.
According to Benson Upah, the NLC spokesperson, Tinubu made this statement during a meeting with labour leaders, warning that if they insisted on a N250,000 minimum wage, fuel prices could soar to N1,500 or even N2,000 per litre.
Upah expressed skepticism about the logic behind such a drastic price hike, given that the fuel subsidy had already been removed.
The NLC has accused President Tinubu of reneging on his earlier commitment to labour leaders by allowing a fuel price increase. Upah warned that Nigerians may face even higher costs for petrol in the near future, potentially reaching N5,000 per litre.
