Labour Congress in Nigeria rejects increase in the price of petrol

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The Nigeria Labour Congress, NLC, says it received with great shock and consternation the news of the increase in the pump price of Premium Motor Spirit known as ‘petrol’ from N121 to N143.

The increase, according to reports, is consequent upon a “monthly review meeting” by the Petroleum Products Price Regulatory Agency, PPPRA.

Referring to a statement released by the Executive Secretary of the PPPRA, Saidu Abdulkadir, purportedly on June 28, 2020, NLC said the PPPRA contradicted itself when it said that the latest price increase described as an “advisory” was meant to regulate a product that government claims had been deregulated.

It further explained, “That this new hike in the pump price of petrol was announced without the approval of the board of the PPPRA and the oversight ministry speaks volumes of the arbitrariness and public contempt in the operations of PPPRA. We find this deeply disturbing.”

The NLC President, Comrade Ayuba Wabba, described the statement as very embarrassing that the PPPRA boss while trying to defend the indefensible appeared to be out of sorts and ready to clutch at any available straws to sell his “ice block merchandise” to “Eskimos”.

Apart from contradicting himself that PPPRA is still trying to regulate a deregulated product through “advisories”, the statement added that the PPPRA went on to exert more nails on the coffin of his own polemics when he argued that PPPRA was just like the Central Bank of Nigeria (CBN) and the National Insurance Commission (NAICOM) that would always act to protect the public interest.