…Ajaero Demands Immediate Palliatives, Says Windfall Revenue Must Cushion Nigerians
The Nigeria Labour Congress (NLC) has made a fresh demand of President Bola Ahmed Tinubu’s Federal Government after fuel prices crossed N1,430 per litre across the country, warning that the administration cannot afford to watch citizens suffer.
CDA News Nigeria reports that NLC President Joe Ajaero made the demand in a statement on Wednesday, following the rise in crude oil prices to above $104 per barrel. Filling stations, including Nigerian National Petroleum Company Limited (NNPCL) retail outlets, increased pump prices to between N1,395 and N1,450 per litre in Abuja and its environs.
CDA News Nigeria gathered that the latest hike came after Dangote Refinery and depot owners raised their gantry and ex-depot petrol prices to between N1,265 and N1,340 per litre.
Reacting, Ajaero said the increase had pushed up transportation costs, fees, rents, tariffs, and food prices, deepening poverty among Nigerians, including workers. He lamented that despite trillions of naira made by the Tinubu administration from crude oil sales and windfall revenues, the government was yet to provide palliatives for Nigerians.
“These measures are all the more necessary and urgent because the government is making extra money in the international spot market (of between USD35 and 40 per barrel above the budgeted figure). This translates to trillions of naira a month. Government ought to be satisfied with this as it is a windfall,” Ajaero stated.
He also criticised local refineries for importing crude, describing it as “unreasonable and unacceptable” that defeats the logic and purpose of local capacity. The NLC president called on the government to provide local refineries with sufficient crude oil to reduce the impact of global energy shocks.
“We are of the view that a government that seeks re-election in the next few months cannot afford to stand and watch marketers inflict suffering on the citizenry in the name of deregulation,” he added.
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Byline: By CDA News Nigeria Correspondent
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