Labour threatens fresh strike over fuel price hike

The Nigeria Labour Congress, (NLC) has condemned, rejected, and called for the immediate reversal of petrol pump price increase from N158 to N170.

The Labour union that called for a state of emergency in the petroleum downstream subsector said in a statement to journalists that the current increment is against the spirit and content of what organized Labour agreed with government at the last negotiations over the last fuel price increase.

The statement signed by NLC President, Ayuba Wabba, said there is no doubt that there is great disquiet in the land, over the extraordinary level of inflation in the country, noting that the recent increase in the fuel price to have only exacerbated the current level of pain and anguish in the country.

The statement said that the increase has also cast in very bad light organised labour’s 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.

Labour stressed that it will not accept a fait accompli of a monopoly of Nigeria’s downstream petroleum sector, or the emergence of a cartel of Oligarchs, whose end game is mass pauperization.

Labour added that in line with its recent agreement with government, it will be receiving updates in the next few days from affiliate unions in the petroleum sector and representatives in the electricity review committee.