Monday, 08 March, 2021

NLC to meet on petrol, electricity price hike, as strike looms


NLC to meet on petrol, electricity price hike, as strike looms 

Global times reports that the Nigeria Labour Congress (NLC) says organised labour will soon state their position on fuel and electricity price hike

 

Ayuba Wabba, NLC President, spoke with the News Agency of Nigeria (NAN) on Saturday.

 

On September 1, distribution companies increased electricity tariff after the Nigerian Electricity Regulatory Commission (NERC) approved N62.33 per kwh from N30.23.

 

On September 2, the Petroleum Products Pricing Regulatory Agency (PPPRA) increased ex-depot price to N151 per litre from N145

 

The federal government argued that the previous rates of petrol and electricity were the lowest in Central and West Africa.

 

Reacting, Wabba noted that labour’s Central Working Committee (CWC) will meet and agree on appropriate action.

 

“Labour takes one battle at a time; it does not make announcement without backing its action.”

 

Wabba said NLC had remained consistent on neo-liberal policies and would act on the increments.

 

He added that it is high time Nigeria starts refining products locally to solve importation challenges.

 

Mustafa Chike-Obi, ex Managing Director of the Asset Management Company of Nigeria (AMCON), had declared that functional refineries would not reduce petrol price.

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