FUEL SUBSIDY BATTLE: No Agreement Reached Between Nigeria Labor Congress and Federal Government in Meeting
The talks on fuel subsidy removal between the Nigeria Labour Congress (NLC) and the Federal Government have come to an end with no agreement in sight. Spokesman for President Bola Tinubu, Dele Alake, revealed this to journalists during a briefing held on Wednesday.
While discussions will continue at a later date, the Nigeria National Petroleum Company Limited (NNPCL) has confirmed the increase in the pump price of petrol in its retail outlets across the country, citing current realities. This announcement follows President Tinubu's speech on the withdrawal of fuel subsidy.
The new price template was rejected by the NLC, which deemed it unacceptable and demanded immediate withdrawal. The government's aim, according to the presidential spokesperson, is to keep conversing with organized labor in order to find a solution that will be in the best interests of all Nigerians and result in a very amicable resolution.
According to Dailypost reports, the recent price adjustment in fuel has become a topic of controversy as it has led to hoarding by marketers and long queues in gas stations across the country. On the other hand, gas stations that are dispensing the product are selling at a rate between N500-N750.
This development has led to outrage from the majority of Nigerians who feel that the government has not put in place measures to cushion the effects of the adjustment. In response, transporters have tripled their fares, as other goods and services are expected to increase in price in the coming days. Despite these reactions, some individuals are in favour of the government's policy as they believe the subsidy had become a financial burden.
The new price template was rejected by the NLC, which deemed it unacceptable and demanded immediate withdrawal. The government's aim, according to the presidential spokesperson, is to keep conversing with organized labor in order to find a solution that will be in the best interests of all Nigerians and result in a very amicable resolution.
According to Dailypost reports, the recent price adjustment in fuel has become a topic of controversy as it has led to hoarding by marketers and long queues in gas stations across the country. On the other hand, gas stations that are dispensing the product are selling at a rate between N500-N750.
This development has led to outrage from the majority of Nigerians who feel that the government has not put in place measures to cushion the effects of the adjustment. In response, transporters have tripled their fares, as other goods and services are expected to increase in price in the coming days. Despite these reactions, some individuals are in favour of the government's policy as they believe the subsidy had become a financial burden.
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