Gas pump/electrical energy hike: NLC provides replace on nationwide protest

The Nigeria Labour Congress (NLC) has insisted that it could proceed with its deliberate nationwide protest with impact from Sept. 28 over Federal Authorities refusal to reverse the hikes in electrical energy tariff and gas pump worth.

Mr Ayuba Wabba, NLC President, mentioned this whereas addressing newsmen on the finish of the Nationwide Government Council (NEC) assembly of the NLC on Tuesday in Abuja.

Information Company of Nigeria (NAN) reviews that the NLC’s Central Working Committee (CWC) on Sept. 17 had issued a two-week ultimatum to the Federal Authorities to reverse the hike in electrical energy tariff and pump worth of petrol or employees would embark on a nationwide protest on Sept. 28.

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In accordance with Wabba, the NEC after its in depth deliberations resolved to reject the hike in electrical energy tariff by virtually 100 per cent and likewise reject the gas worth enhance within the title of deregulation.

“This choice, alongside different choices of the federal government together with the rise of VAT by 7.5 per cent, different quite a few fees by business banks on depositors, with none rationalization will additional impoverish Nigerian employees and citizenry, together with their households.

“Due to this fact, that is coming within the midst of the COVID-19 pandemic, and this isn’t solely “ill-timed’’, however it’s also counterproductive, ” he mentioned.

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He mentioned that NEC additionally noticed that the privatisation course of that was performed seven years in the past had not yielded any constructive consequence and that your entire sector was offered at about N400 billion.

He additionally famous that the Federal Authorities inside the final 4 years has injected N1.53 trillion over and above the quantity that was used to promote these essential belongings.

“Due to this fact, NEC got here to the conclusion that your entire privatisation course of has failed and the electrical energy hike is a steady strategy of exploitation of Nigerians,” he mentioned.

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