Home Breaking News Banks and Insurance Companies to partake in Nationwide Strike

Banks and Insurance Companies to partake in Nationwide Strike

by Nwani Chisom
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The yet to come nationwide strike will be joined by banks, insurance companies and their employees.

Nigerian Labour Congress (NLC) revealed that the strike will commence on Monday, September 28, 2020, and will be led by chairman, Nigeria Labour Congress (NLC).

Also, members of the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) are prepared to join the strike which was as a result of the superfluous increase in electricity tariff and the increase in fuel price.

NLC earlier on, had given the Nigerian Government two weeks ultimatum to revert the decision or it will commence a nationwide strike, the FG had removed the fuel subsidy which had been the tool to reduce fuel price.

Federal Government also revealed that all Oil marketers are now free to decide their price without government control. As of now, Fuel is sold between N158 and N162 per litre.

This means that the Nigerian National Petroleum Corporation (NNPC) will no longer carry the cost burden of fuel, which reduces landing cost and the fixed fuel price.

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