Close Menu
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
What's Hot

Eid-el-Kabir: FG Declares Friday and Monday as Public Holidays

90-year-old man, wife hacked to death at home in Enugu

Senator Natasha Akpoti to appear in court Tuesday

Facebook X (Twitter) Instagram
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
Facebook X (Twitter) Instagram Pinterest
DAILY BLAST
Contact
HOT TOPICS
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
DAILY BLAST
You are at:Home»Breaking News»It will further deepen poverty – NLC rejects fuel price hike
Breaking News

It will further deepen poverty – NLC rejects fuel price hike

DailyblastBy DailyblastOctober 10, 2024002 Mins Read
Share WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Share
Facebook Twitter LinkedIn Pinterest Email WhatsApp Copy Link

The Nigeria Labour Congress (NLC) on Wednesday rejected the new increase in petrol pump price, saying it will further deepen poverty in the country.

“It will further deepen poverty as production capacities dip, more jobs lost with multidimensional negative effects, NLC President, Joe Ajaero, said in a statement.

Related posts:

  1. FOSAD demands immediate reversal of fuel price hike to prevent further poverty on Nigerians
  2. FOSAD demands immediate reversal of petrol price hike to prevent further hardship on Nigerians
  3. Shut down all major cities – NANS declare nationwide protests over fuel price hike
  4. Borno residents opt for bicycles and horses as means of transportation amid fuel price hike

“In light of this, we urge the government to immediately reverse this rate hike as previous increases did not produce any good result. People only got poorer.

“But more fundamentally, the government should be bold enough to tell Nigerians in advance the destination it wants to take the country.”

Retail outlets owned by the Nigerian National Petroleum Company Limited (NNPCL) adjusted the pump price of petrol on Wednesday in Lagos and the Federal Capital Territory (FCT), Abuja.

In Lagos, our correspondent observed that many NNPCL outlets sold a litre of the essential commodity for ₦998, about ₦150 higher than the initial price of ₦855.

Many filling stations not owned by the NNPCL immediately followed suit as they also incrementally adjusted their pump prices, with many selling as high as ₦1050 in many parts of Lagos.

In his statement, the NLC President said the Congress is “dismayed by the latest increase in the pump price of petrol.”

To Ajaero, “It looks like the only thing this government is known for is increase in the pump price of petrol without commensurate capacity of Nigerians or mitigatory measures.

“Even following the logic of market forces, we find it an aberration that a private company (NNPCL) is the one fixing prices and projecting itself as a hegemonic monopoly.

“We challenge the government to go to the drawing board and present us with a blueprint for an inclusive economic growth and national development instead of this spasmodic ad hocism and palliative policy.

“It needs no stating the fact that the latest wave of increase has grossly altered the calculations of Nigerians once again at a time they were reluctantly coming to terms with their new realities.”

Post Views: 218
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram WhatsApp Copy Link
Previous ArticleFG opens payment portal for Nigerians to convert vehicles from petrol to CNG
Next Article Medical doctor arrested for alleged child trafficking and forgery in Enugu
Dailyblast

Related Posts

Eid-el-Kabir: FG Declares Friday and Monday as Public Holidays

June 2, 2025

90-year-old man, wife hacked to death at home in Enugu

June 2, 2025

Senator Natasha Akpoti to appear in court Tuesday

June 2, 2025
Add A Comment

Comments are closed.

Recent Posts
  • Eid-el-Kabir: FG Declares Friday and Monday as Public Holidays June 2, 2025
  • 90-year-old man, wife hacked to death at home in Enugu June 2, 2025
  • Senator Natasha Akpoti to appear in court Tuesday June 2, 2025
  • Saudi Arabia turns back over 269,000 unauthorised pilgrims from Mecca June 2, 2025
  • FG cautions car dealer over viral video ridiculing civil servants’ capacity to buy luxury cars June 2, 2025
Top Posts

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,238 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,091 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025611 Views
Latest Reviews
Most Popular

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,238 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,091 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025611 Views
Our Picks

Eid-el-Kabir: FG Declares Friday and Monday as Public Holidays

90-year-old man, wife hacked to death at home in Enugu

Senator Natasha Akpoti to appear in court Tuesday

© 2025
  • Privacy Policy
  • Contact

Type above and press Enter to search. Press Esc to cancel.