NIGERIAN WORKERS REFUSE TO TAKE THE BAIT( 5k montly transport grants)

The Nigeria Labour Congress, NLC has described NNPC planned increase of the prices of Premium Motor Spirit by more than 200 percent and it’s subsequent removal to mean inflicting additional hardship on the ordinary Nigerians who are already exposed to the vagaries of market forces due to the failure of the Nation to fixed her four refineries.

A statement from the NLC President Ayuba Wabba noted grand optimism of the NNPC GMD was predicated on the claims that the removal of the fuel subsidy is now backed by the Petroleum Industry Act which was recently signed into law without considering the unanticipated socio- economic consequences on the people.

Wabba said government’s plans to disburse N5000 to 40 million poorest Nigerians each as transport grant to cushion the effect of the planned removal of the fuel subsidy is far more than the total money government claims to spend currently on fuel subsidy

The argument that the complete surrender of the price of petrol to market forces would normalize the curve of demand and supply as is being wrongly attributed to the current market realities with cooking gas, diesel and kerosene is very obtuse. The truth is that these commodities which Nigeria can easily produce have been priced out of the reach of most Nigerian families with majority of our people resorting to tree felling and charcoal for their energy needs.

NLC calls on government to consider arrangement with contiguous refineries not far from Nigeria to swap crude oil with refined petroleum products;

Accelerate work on the rehabilitation of Nigeria’s four major refineries which are all currently operating at near zero installed capacity; and, Establish empirical data on the quantity of refined petroleum products consumed daily by Nigerians.

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