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Wednesday, December 25, 2024

Fuel price: NLC declares nationwide strike from next Wednesday

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The Nigeria Labour Congress (NLC) has fixed next Wednesday for its members to begin a nationwide strike.

The strike, after an emergency meeting on Friday, is a culmination of failed negotiations with federal government officials.

The NLC action comes amid allegations by the umbrella Labour union that selling petrol at the unsubsidised price of between N488 and N555 is a breach of the Appropriation law of 2023.

The Nigerian National Petroleum Corporation (NNPC) announced the new price and put effect to it just three days after President Bola Tinubu announced “subsidy is gone” on Inauguration Day, May 29, 2023.

The Appropriation Law 2023 states that subsidy would run until the end of June 2023.

Why the government allowed the NNPC put it in a situation where a law passed by the National Assembly is brazenly broken within a week of the new administration has got analysts wondering what went wrong.

President Tinubu had last Tuesday acknowledged that subsidy on petro was meant to run for the first half of 2023.

The NLC has threatened the strike would commence if the NNPC Limited failed to reverse the new pump price.

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