In News by stephen abiodun on the 23rd, September, 2020

Gas Pump/Electrical energy Hike: NLC Offers Replace On Nationwide Protest

Fuel Pump/Electricity Hike: NLC Gives Update On Nationwide Protest

The Nigeria Labour Congress (NLC) has insisted that it might proceed with its deliberate nationwide protest with impact from Sept. 28 over Federal Authorities refusal to reverse the hikes in electrical energy tariff and gas pump worth.

Mr Ayuba Wabba, NLC President, mentioned this whereas addressing newsmen on the finish of the Nationwide Government Council (NEC) assembly of the NLC on Tuesday in Abuja.

Information Company of Nigeria (NAN) studies that the NLC’s Central Working Committee (CWC) on Sept. 17 had issued a two-week ultimatum to the Federal Authorities to reverse the hike in electrical energy tariff and pump worth of petrol or staff would embark on a nationwide protest on Sept. 28.

In response to Wabba, the NEC after its intensive deliberations resolved to reject the hike in electrical energy tariff by nearly 100 per cent and in addition reject the gas worth improve within the identify of deregulation.

“This resolution, alongside different selections of the federal government together with the rise of VAT by 7.5 per cent, different quite a few expenses by business banks on depositors, with none rationalization will additional impoverish Nigerian staff and citizenry, together with their households.

“Subsequently, that is coming within the midst of the COVID-19 pandemic, and this isn’t solely “ill-timed’’, however it’s also counterproductive, ” he mentioned.

He mentioned that NEC additionally noticed that the privatisation course of that was achieved seven years in the past had not yielded any optimistic outcome and that your entire sector was bought at about N400 billion.

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He additionally famous that the Federal Authorities inside the final 4 years has injected N1.53 trillion over and above the quantity that was used to promote these essential property.

“Subsequently, NEC got here to the conclusion that your entire privatisation course of has failed and the electrical energy hike is a steady strategy of exploitation of Nigerians,” he mentioned.

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