Abuja — The Nigeria Labour Congress (NLC) has urged the federal government to promptly reverse the recent increase in the pump price of Premium Motor Spirit (PMS) and any prior hikes.
The NLC argues that these price increases have only exacerbated the financial struggles of ordinary Nigerians without yielding any positive outcomes.
In a statement signed by NLC President Joe Ajaero, the organization expressed disappointment that the current administration continues to raise fuel prices without adequate consideration for the capacity of citizens or any mitigating measures. “We are dismayed by the latest increase in petrol prices. It appears that this government is primarily known for raising fuel prices without aligning with the capabilities of Nigerians or implementing necessary support measures,” Ajaero stated.
The NLC criticized the role of the Nigerian National Petroleum Company Limited (NNPCL) in setting fuel prices, describing it as an inappropriate monopolistic practice. “It is absurd that a private company is fixing prices while acting as a hegemonic monopoly,” they said.
The NLC called on the government to develop a comprehensive plan for inclusive economic growth and national development instead of relying on sporadic, ad hoc policies. “The latest price increase has significantly disrupted the financial planning of Nigerians, who were just beginning to adjust to their new economic realities. This will further deepen poverty, reduce production capacities, and lead to job losses, with widespread negative effects,” they warned.
In light of these issues, the NLC reiterated its demand for an immediate reversal of the recent price hike, emphasizing that previous increases have only resulted in greater hardship for the populace. “The government must also be transparent with Nigerians about the direction it intends to take the country,” Ajaero concluded.
Gathered by: Praise Inalegwu