Fuel Subsidy Removal: NLC Blasts FG As Insensitive And The Removal Will Be Resisted

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The Nigeria Labour Congress (NLC) yesterday described the development of the removal of fuel subsidy and unilateral increase in prices of petroleum product “as an act of insensitivity and impunity”.

The NLC in a statement by Dr Peter Ozo-Eson, General Secretary, said; “The unilateral increase in prices of petroleum products today by government represents the height of insensitivity and impunity and shall be resisted by the Nigeria Labour Congress and its civil society allies”.

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He maintained that, “With the imposition on the citizenry of criminal and unjustifiable electricity tariff and resultant darkness and other economic challenges brought on by the devaluation of the Naira and spiralling inflation, the least one had expected at this point in time was another policy measure that would further make life more miserable for the ordinary Nigerian”.

He also added that, “The latest increase is the most audacious and cruel in the history of product price increase as it represents not only about 80 per cent increase but it is tied to the black market exchange rate”.

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