According to The ANAEDOONLINE, the Nigeria Labour Congress has started an urgent National Executive Council meeting in response to the increase in the pump price of Premium Motor Spirit.
Executive members of the affiliated unions of the congress are in attendance at the meeting, which began a few minutes after 12 o’clock in the afternoon.
Following the impasse-filled meeting with the Federal Government’s officials, the NLC is likely to announce its final choice to the public.
According to ANAEDOONLINE, President Bola Tinubu abruptly stated “subsidy is gone” during his inaugural speech on Monday, May 29,2023.
Though the president’s image makers in statements issued by the state house insisted that the new president was misquoted by some sections of the media.
Tinubu Says He Will Phase Out Fuel Subsidy
Tinubu’s declaration led to an increase in panic buying with some filling stations across the country pegging the pump price of the Premium Motor Spirit to as high as N600 per litre.
Similarly, the Nigerian National Petroleum Company Limited announced a new rate for PMS on Wednesday.
The organised labour comprising Trade Union Congress and the Nigeria Labour Congress described the move by Tinubu and the NNPCL as a “joke taken too far”.
The subsidy on fuel, when removed, will be channelled into the development of other sectors, President Tinubu said on Monday.
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