Politics, Sports, Business, Entertainment and News you will get nowhere else.

Thursday, 17 September 2020

Electricity Tariff and Petrol Price Hike: NLC Issues Ultimatum

The Nigeria Labour Congress has issued a two-week ultimatum to the Federal Government to reverse its decision on the hikes in electricity tariff and fuel pump price or face civil unrest nationwide.
The congress handed down the warning at its Central Working Committee meeting in Abuja on Wednesday.
In a communiqué read by the NLC President, Ayuba Wabba, the union said the ultimatum would take immediate effect, warning that it would mobilise its members nationwide for protests as from September 28.
In an interview, the NLC President said the national executive committee members and the state chapters as well as affiliates would meet on September 22 to decide on the strike action if the government failed to revert to the old prices by then.
“Today's (Wednesday) decision on the ultimatum was taken by the Central Working Committee of the NLC. But by the expiration of the ultimatum, if the government fails to reverse the increase in electricity tariffs and fuel pump price, we would hold a meeting on September 28 and take a decision on a strike action,” he disclosed.
Government had two weeks ago increased the ex-depot price of petrol from N138.62 to N147.67, prompting marketers to adjust their petrol prices to between N158 and N 162 from N148 to N150 in August. The ex-depot price is the price at which government sells petrol to marketers.
Besides the fuel hike being the third within three months, it came at a time electricity distribution companies increased their tariffs.
On its part, the Trade Union Congress TUC gave its seven - day ultimatum in a letter addressed to the President and dated September 4, 2020.
The letter titled, “We cannot bear the burden any longer, issuance of seven days ultimatum,” was signed by Olaleye; and the Secretary - General, Musa Lawal.

No comments:

Post a comment

Disclaimer: Comments made by readers of this blog are strictly the views and opinions of the writers and not that of Nedu Echianu's Blog.

Credit is given to the original sources of culled stories, but in a situation where your story is wrongfully credited to someone else, please contact neduechianu@gmail.com for an immediate correction.

For eye witness reports, stories and features which you want published on this blog please contact me on +234-8037036168 or neduechianu@gmail.com.