NLC meets over N408.5/litre petrol price proposal

© NLC meets over N408.5/litre petrol price proposal
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Nigeria Labour Congress on Saturday said it had decided to meet on Tuesday to decide on its position as regards the recommendation by governors that the price of Premium Motor Spirit be raised from N162/litre to N408.5/litre. It also stated that Tuesday’s meeting would discuss other issues such as the sacking of workers by the Kaduna State Government and the need to amend the country’s constitution. NLC had on Thursday stated that it would meet on Friday to decide on the matter of petrol price increase proposed by the governors. It eventually rescheduled the meeting following some last-minute changes. When contacted the Deputy President NLC, Joe Ajaero, said, “The meeting is now scheduled for Tuesday. It was rescheduled due to some adjustments. “We shall be looking at three major agenda: the proposal for petrol price increase by governors, the sacking of workers by the Kaduna State Government, and the issue with the country’s constitution.” Nigerians will likely be spending N588.24bn monthly for Premium Motor Spirit, should the Federal Government implement the recommendation of the Nigeria Governors’ Forum that the cost of the commodity be increased. A committee set up by the Nigeria Governor’s Forum had last Wednesday recommended that petrol price should be between N380/litre and N408.5/litre. They also called for the immediate removal of petrol subsidy. Although the Federal Government on Friday said it would not increase petrol price in June despite the recommendation of the NGF, it had repeatedly said there was no going back on the imminent removal of petrol subsidy. PUNCH
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