NLC Rejects Increase in Fuel Price

The Nigeria Labour Congress (NLC) has kicked against the increase in the pubp process of petrol by the Nigerian National Petroleum Corporation Limited (NNPCL).

Daily Report Nigeria reports that the NNPCL on Tuesday announced a new pump price of N617 per litre in the federal capital territory and N620 in Kano.

Group Executive Director of NNPCL, Mele Kyari attributed to jump in price to market forces and urged Nigerians to embrace the development.

NLC rejects new pump price

Reacting to the development, NLC President, Comrade Joe Ajaero, said the increase in fuel price was an “insults to our collective intelligence.”

He added, “The proposal to pay N8,000 to each of the so-called 12 million poorest Nigerian households for a period of six months insults our collective intelligence and makes a mockery of our patience and abiding faith in social dialogue which the government may have alluded to albeit pretentiously.

Subsidy Removal: Only Tinubu, Not NNPC, Has Power to Fix Fuel Prices in Nigeria

“If the government does not want to stop these fortuitous actions that it is pursuing in the name of palliatives, we will be forced to constructively review our engagement with the government on this vexatious issue and take matters into our own hands.”

President Tinubu reviews subsidy palliative

Addressing the increase in fuel price, Mr. Dele Alake, revealed on Tuesday that President Bola Tinubu has ordered an upward review of the proposed N8,000 subsidy palliative.

The conditional cash transfer to Nigerians is aimed at cushioning the effect of the petrol subsidy removal on Nigerians.

According to Alake, President Tinubu also ordered for the entire details of the of the palliative package to be unveiled to Nigerians.

“That the N8,000 conditional cash transfer programme envisaged to bring succour to most vulnerable households be reviewed immediately. This is in deference to the views expressed by Nigerians against it,” the statement read.