NLC reacts as FG hints on possible fresh fuel price hike
- The NLC has disagreed with the stance of the federal government regarding the pump price of petrol
- The labour union disclosed why it will not support another increase in the price of the commodity
- The president of the NLC, Ayuba Wabba, suggested that there may be an industrial dispute if the government enforces any unilateral increase
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The Nigeria Labour Congress (NLC) has told the federal government to drop the idea of imposing another hike in the pump price of petrol.
The president of the NLC, Ayuba Wabba, made the statement shortly after the minister of state, petroleum resources, Timipre Sylva, admonished Nigerians to be ready to bear the pains of an increase in the petrol pump price.
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According to Vanguard, Wabba warned that another hike in the pump price of petrol is a burden Nigerians would not be able to cope with.
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He said:
“I am not sure Nigerians would be ready to bear any more pain at this time because of the fact that a lot of factors have affected the economic, social and even the well-being of Nigerians.''
The labour leader warned that any upward review of the pump price of petrol will not be taken lightly.
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He argued that such a move will not be accepted, saying:
''It’s a thing that we cannot swallow.”
In another news, Timipre Sylva, Nigeria's minister of state for petroleum resources, says the federal government is planning to begin oil exploration in the northeastern part of the country.
Channels TV reported that the minister stated this during an interview which aired on Monday, February 8.
Sylva noted that he had earlier announced that crude oil had been discovered in the northeast, adding that drilling activities have already started in the Lake Chad Basin.
Meanwhile, Legit.ng recalls that Sylva had earlier said that about one billion barrels of crude oil were discovered in the northeastern part of Nigeria.
He made the disclosure at a news conference to end the 2020 Nigeria International Petroleum Summit (NIPS), in Abuja
The minister stated that there was a need for more exploration in the country as more oil would be discovered.
Source: Legit.ng
