NLC Frowns At Continuous Fuel Price Hike

BY NKECHI NAECHE- ESEZOBOR–The Nigerian Labour Congress ( NLC), has frowned at the continuous increase in the pump price of petrol, noting that its the only thing this government is known for without commensurate capacity of Nigerians.

The NLC President disclosed this in a statement he titled:  “What Next After Increase In Pump Price?”, that even if you follow the  logic of market forces , we find it an aberration that a private company (NNPCL) is the one fixing prices and projecting itself as a hegemonic monopoly.

“We challenge the government to go to the drawing board and present us with a blueprint for an inclusive economic  growth  and  national development instead of  this spasmodic ad hocism and palliative policy.

“It needs no stating the fact that the latest wave of increase has grossly altered the calculations of Nigerians once again at a time they were reluctantly coming to terms with their new realities.

“It will further deepen poverty as production capacities dip,  more jobs  lost with multidimensional  negative effects.

“In light of this, we urge the government to immediately reverse this rate hike as previous increases  did not produce any good result. People only got poorer.

“But more fundamentally, the government should be bold enough to  tell Nigerians in advance the destination it wants to take the country.”