Abuja, July 19. 2023: The Nigeria Labour Congress (NLC) says that the new pump price adjustment for petrol poses a significant threat to the socio-economic well-being of the citizenry.
Mr Benson Upah, NLC Head of Information, told newsmen on Tuesday in Abuja while reacting to the recent petrol pump prices adjustment from N540 per litre to N617 per litre .
According to Upah, the new adjustment of the fuel pump price is unacceptable to us at the Congress because it poses a significant threat to the socio-economic well-being of the citizenry, their businesses, incomes, livelihood, and everything.
“We had said earlier that there is no reasonable government, acting reasonably, would leave its national currency entirely to the storms of the market as this could lead to unintended consequences.
“The new pump price is suggestive of the fact that the pump price could rise to N1,000 or more per a litre any time soon. It makes planning difficult and life uncertain,” he said.
Upah said that Nigerians were yet to be convinced on how this would be helpful to the people or the economy or how it renews the hope of the people.
He added, we advise the government to retrace its steps from this journey. The people are not happy. Their calmness should not be taken for granted.
“Finally, if baby steps inflict this level of pain, we wonder what adult steps would do,” he said.
