Africa Business Radio

The Nigeria Labour Congress has rejected a planned petrol price hike in the country and the Federal Government’s proposal to pay the sum of N5000 monthly to Nigerians as palliative. NLC President, Ayuba Wabba in a statement described the plan of the Federal Government as a penny wise-pound foolish gamble. Wabba lamented that there are no ongoing talks between labour and the Federal Government, as negotiation was adjourned. He accused the government of adopting monologue in arriving at its conclusion on subsidy removal, stressing that it will continually reject deregulation that is anchored on the importation of petroleum products.