Political News in Nigeria Today
NLC urges FG to reverse new N617 fuel pump price
The Nigeria Labour Congress (NLC) has protested the N617 rise in the price of fuel at the pump, saying that Nigerians continue to reject the change.
Benson Upah, the chief of information and public relations for the congress, responded to the development by stating that the rise poses a serious threat to the socio-economic stability of the populace, as well as to their companies, sources of income, and way of life.
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The NLC scribe claimed that the congress has not yet been persuaded of the benefits of development for the populace, the economy, or the restoration of public optimism.
He said, “This increment is unacceptable to us at the Congress because it poses a significant threat to the socio-economic well-being of the citizenry, their businesses, incomes, livelihood, everything!”
“We had said earlier that no reasonable government acting reasonably, leaves its national currency entirely to the storms of the Market as this could lead to unintended consequences”.
Upah added that the new pump price is suggestive of the fact that the pump price could rise to N1000 or more per a litre any time soon. It makes planning difficult and life uncertain.
The increase of fuel comes just a month after President Bola Tinubu, on May 29 announced the removal of petrol subsidy, which increased pump price of petrol to N600/litre.
