The Nigeria Labour Congress (NLC) has asked the federal to reverse the pump price of Premium Motor Spirit (PMS) also referred to as petrol with none further delay.
Channels TV reports that the NLC president, Ayuba Wabba, during a statement on Monday, November 16, said the union took a swipe at the govt and condemned the rise within the price of the merchandise .
It was gathered that the labour union stated that the recent hike in petrol pump price has worsened the extent of pain and anguish within the country.
The NLC said it’s worrisome to form Nigerians still suffer for the failures of successive governments to properly manage the nation’s refineries, adding that the event has questioned the reasons made by the govt on the payment of subsidy.
The union insisted that the state wouldn’t are in its present position if the govt had been alive to its responsibilities.
It warned that Nigerians have a limit to tolerate the continued increase within the price of refined petroleum products and other essential goods and services.
“There is not any doubt that there’s great disquiet within the land over the extraordinary level of inflation within the country. The recent increase within the pump price of the Premium Motor Spirit (PMS) has only exacerbated the present level of pain and anguish within the country.
“It has also cast in very bad light our utmost straightness with regards to government explanations that it lacks funds to continue bankrolling the so-called subsidy payments intrinsically would before later cripple the whole economy, throw the country into severe depression and cause loss of jobs in millions.”
Speaking on the way forward, the NLC asked the govt to repair the nation’s refineries, stressing that several options were available to tackle the trend of high prices of refined petroleum products.
It also asked the govt to declare a state of emergency within the downstream petroleum sector and seal refining deals with refineries closer to Nigeria.