The Nigerian Labor Congress (NLC) has called ridiculous the announcement that 40 million Nigerians would receive 5,000 naira each to cushion the effect of the elimination of the oil subsidy.
The NLC condemned the Federal Government’s plan to eliminate oil subsidies, which it said could drive an increase in oil price.
NLC stated it would not allow itself to befall into the government’s trap for citizens.
In a report by the BBC’s Hausa Service, Comrade Ayuba Wabba of the NLC said that NNPC Group Managing Director Malam Mele Kyari had raised the price of gasoline to 340 since February, a development that does not sit well among Nigerians. .
According to the NLC, the idea of ​​giving N5000 to 40 million Nigerians was fun because if you calculate the total sum, it will exceed the amount of oil subsidy that Nigerians enjoyed.
NLC said the removal of the subsidies will sink Nigerians further into trouble.
Workers expressed sadness that Nigeria is the only country that does not refine its oil at home among OPEC members.
Therefore, the Labour leader urged the government to reactivate Nigeria’s 4 refineries to boost domestic oil production.
The West African country does not have a good record of making politically difficult decisions. He has fought for decades to end fuel subsidies, which are expected to cost 3 trillion naira over the next 12 months if oil prices remain at current prices. Furthermore, it has not been able to end electricity subsidies.
