The removal of the oil subsidy and the increase of fuel price to one hundred and forty five naira may lead to organised labour and federal government face off in the next few days
In a swift reaction on Wednesday, the Nigeria Labour Congress vowed to resist what it called unilateral increase in prices of petroleum products from eighty seven to forty five naira per litre
In a statement signed by it General Secretary Dr. Peter Ozo-Eson, the NLC said the increase represents the height of insensitivity and impunity
The Labour Union said with the imposition on the citizenry the 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 expected at this point in time was another policy measure that would further make life more miserable for the ordinary Nigerian
The statement added that the latest increase is the most audacious and cruel in the history of product price increase as it represents not only about eighty per cent increase but it is tied to the black market exchange rate.
It hinted that an emergency NEC meeting of the NLC has been scheduled for Friday, May 13, 2016 to decide on the next line of action.
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