The Nigeria Labour Congress has kicked against planned petroleum price increment, enjoining Federal Government to consider other options to help the country embrace developmental governance and accountable leadership.
NLC President, Comrade Ayuba Wabba, made this appeal on Wednesday in a statement he issued to newsmen in Abuja, entitled: ‘Nigerian workers refused to take the bait’.
According to him, the Group Managing Director, Nigerian National Petroleum Corporation, Malam Mele Kyari, announced that fuel price could jump as high as N340 from February 2022.
Wabba also described as “comical” the move by the government to pay 40 million Nigerians N5,000 as palliative, to ease the effect of increase in the price of petrol.
He stated that the total amount involved what he called “queer initiative” was much more than the money government said to spend currently on fuel subsidy.
“The NNPC GMD said that the price increase would be consequent on the plans by the Federal Government to remove subsidy on Premium Motor Spirit, also commonly referred to as petrol or fuel.
“The grand optimism of the NNPC GMD was predicated on the claims that the removal of fuel subsidy is now backed by an act of parliament probably the Petroleum Industry Act which was recently signed into law.”
According to the NLC president, any attempt to compare the price of petrol in Nigeria to other countries would be set on a faulty premise as it would be akin to comparing apples and mangoes.
He said federal government plan to increase the price of petrol by more than 200 per cent would lead to astronomical increase in the price of goods and services.
He added that the move will open a wide door to social consequences such as degeneration of the current insecurity crises.