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Home Business News

NLC Describes Petrol Price Increase As “Criminal”

Editor by Editor
May 12, 2016
in Business News, Spotlight
NLC Describes Petrol Price Increase As “Criminal”
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The Nigerian Labour Congress (NLC) has vowed to resist Federal Government’s removal of fuel subsidy and the increase of premium motor spirit (PMS) popularly known as petrol to N145 per litre.

In a released statement on Wednesday by its Secretary-General, Peter Ozon-Eson, , the NLC termed the increase as “criminal”and urged the public to resist the illegitimate increase

Here’s what the statement says:

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“The unilateral increase in prices of petroleum products today by government represents the height of insensitivity and impunity and shall be resisted by the Nigeria Labour Congress and its civil society allies,”

The statement added, “With the imposition on the citizenry of criminal and unjustifiable electricity tariff and resultant darkness and other economic challenges brought on by the devaluation of the Naira and spiraling inflation, the least one had expected at this point in time was another policy measure that would further make life more miserable for the ordinary Nigerian.

“The latest increase is the most audacious and cruel in the history of product price increase as It represents not only about 80 per cent increase but it is tied to the black market exchange rate.

“Furthermore, the process through which government arrived at this is both illogical and illegal as the board of the PPPRA is not duly constituted. In our previous statements and communiques, we had stressed the need for reconstituting the boards of NNPC and PPPRA and wean both away from the overbearing influence of the Minister of State for Petroleum Resources who has assumed the role of a Sole Administrator.

“The allusion to the fact that the this increase was arrived at after due consultation with stake holders is not only ridiculous and fallacious, it goes to show that the brief meeting held today during which government was advised shelve the idea until at least it meets with the appropriate organs of the Congress was in bad faith.

“Accordingly, we urge the government to revert the prices to what they were. We would want to put everybody on notice that we shall resist this criminal increase with every means legitimate.

“Already an emergency NEC meeting has been scheduled for Friday, May 13, 2016 to decide on the next line of action. Meanwhile, our affiliates, state councils and civil society allies are requested to commence mobilization immediately.”

Tags: Black MarketNNPC Nigeria NewsPower Sector
Editor

Editor

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Comments 1

  1. Josiah Ilori says:
    May 12, 2016 at 9:05 pm

    LET THE NIGERIAN LABOUR UNION EXERCISE SOME PATIENT BEFORE EMBARKING ON A GENERAL STRIKE! THE UNION SHOULD WAIT AND SEE THE AFTER EFFECT OF THE SUBSIDY WITHDRAWAL BEFORE EMBARKING ON A NATION WIDE STRIKE. BY NOW, THE LEADERSHIP OF THE UNION SHOULD BE RESPONSIVE TO ISSUES THAT ARE LAUDABLE AND GENERALLY ACCEPTABLE TO THE POPULACE. UNDUE INFLUENCE BY THE POLITICIANS AND MARKETERS SHOULD BE IGNORED AND THE UNION SHOULD STAND ALWAYS TO PROTECT THE MASSES RATHER THAN THE FEW MARKETERS AND POLITICAL AGITATORS!

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