NLC kicks against fuel price hike, says “it will further deepen poverty | Read Details
The newest increment made in pump price of fuel by the NNPCL, has received a kick from the Nigeria Labour Congress (NLC).
Trustbase News had reported that the NNPCL fixed fuel pump price at ₦998 per litre in Lagos, and ₦1,030 in Abuja.
Reacting on Wednesday, the NLC chairman, Joe Ajaero said the increment will further deepen poverty in the country.
In his words;
“It will further deepen poverty as production capacities dip, more jobs lost with multidimensional negative effects, NLC President, Joe Ajaero, said in a statement.
“In light of this, we urge the government to immediately reverse this rate hike as previous increases did not produce any good result. People only got poorer.
“But more fundamentally, the government should be bold enough to tell Nigerians in advance the destination it wants to take the country.”
“It looks like the only thing this government is known for is increase in the pump price of petrol without commensurate capacity of Nigerians or mitigatory measures.
“Even following the logic of market forces, we find it an aberration that a private company (NNPCL) is the one fixing prices and projecting itself as a hegemonic monopoly.
“We challenge the government to go to the drawing board and present us with a blueprint for an inclusive economic growth and national development instead of this spasmodic ad hocism and palliative policy.
“It needs no stating the fact that the latest wave of increase has grossly altered the calculations of Nigerians once again at a time they were reluctantly coming to terms with their new realities.”
