The Nigeria Labour Congress (NLC) says it feels betrayed by the federal government following Tuesday’s increase in the pump price of petrol at NNPC Ltd’s fuel stations.
The NLC, in a statement by its president, Joe Ajaero, said, “One of the reasons for accepting N70,000 as national minimum wage was the understanding that the pump price of pms would not be increased even as we knew that N70,000 was not sufficient.”
PREMIUM TIMES reported that NNPC‘s petrol stations across Nigeria increased their pump price of petrol from about N600 to about N897.
No official reason has been given for the increase but the state-owned oil firm recently lamented that it could no longer sustain the petrol price.
NNPC Ltd. is currently the sole importer of petrol into Nigeria and spends billions of naira monthly to subsidize the product.
In his statement, Mr Ajaero said President Bola Tinubu, during negotiations for the minimum wage, had given the NLC two options: “either N250,000 as minimum wage (subject to the rise of pump price between N1,500 and N2,000) and N70,000 (at old pms rate).”
He said the NLC chose the latter option only for it to see Tuesday’s increase in petrol price.
Details later…
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