Fuel Hike: NLC rejects import driven deregulation

The Nigeria Labour Congress (NLC) on Thursday rejected what they called import driven deregulation of the downstream sector of Nigeria economy.

The Union instead urged the government to revamp local refineries to ensure a sustainable solution to incessant increase in the pump price of petrol.

The congress in a communiqué after her National Executive Council (NEC) meeting in Abuja said with political will, Nigeria’s refineries can be made to work in a short time.

The communiqué which was jointly signed by the President Comrade Ayuba Wabba and general secretary Comrade Emma Ugboaja, also urged the Nigerian government to find ways and means to shield Nigerian citizens from the volatilities in the international crude oil market.“

The NEC resolved to reject deregulation as long as it is import-driven.

NEC reiterated the traditional position of Congress that the government should rehabilitate and revamp Nigeria’s local refineries as a sustainable solution to incessant increases in…

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