{"id":29795,"date":"2020-09-12T16:07:04","date_gmt":"2020-09-12T16:07:04","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=29795"},"modified":"2020-09-12T16:07:04","modified_gmt":"2020-09-12T16:07:04","slug":"strike-looms-as-nlc-plans-meeting-on-petrol","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/strike-looms-as-nlc-plans-meeting-on-petrol","title":{"rendered":"Strike looms as NLC plans meeting on petrol"},"content":{"rendered":"

Africa Press-Nigeria:<\/p>\n

The Nigeria Labour Congress (NLC) says organised labour will soon state their position on the hike in fuel and electricity price.<\/p>\n

Ayuba Wabba, NLC President, spoke with the News Agency of Nigeria (NAN) on Saturday.<\/p>\n

On September 1, distribution companies increased electricity tariff after the Nigerian Electricity Regulatory Commission (NERC) approved N62.33 per kwh from N30.23.<\/p>\n

On September 2, the Petroleum Products Pricing Regulatory Agency (PPPRA) increased ex-depot price to N151 per litre from N145.<\/p>\n

The pump price is now being sold between N159 and N163.<\/p>\n

The federal government argued that the previous rates of petrol and electricity were the lowest in Central and West Africa.<\/p>\n

Reacting, Wabba noted that labour\u2019s Central Working Committee (CWC) would met and agreed on appropriate action.<\/p>\n

\u201cLabour takes one battle at a time; it does not make announcement without backing its action.\u201d<\/p>\n

Wabba said NLC had remained consistent on neo-liberal policies and would act on the increments.<\/p>\n

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He added that it was high time Nigeria started refining products locally to solve importation challenges.<\/p>\n

Mustafa Chike-Obi, ex Managing Director of the Asset Management Company of Nigeria (AMCON), had declared that\u00a0functional refineries would not reduce petrol price.<\/a><\/p>\n