On Wednesday, the Nigeria Labour Congress called the Nigerian National Population Company Limited’s announcement of a new pump pricing for Premium Motor Spirit “an ambush.”
According to the congress, President Bola Tinubu “put a gun to the head of the Nigerian people” with this act.
On Wednesday afternoon, the NNPCL announced that Premium Motor Spirit, more commonly known as gasoline, had its pump prices modified nationwide.
The national oil firm claimed that the revised pump price was in keeping with “current market realities” in a statement released on Wednesday and signed by its Chief Corporate Communications Officer, Garba Deen Muhammad.
But the NLC said in a statement that its National President, Joe Ajaero, signed, “We are concerned that the Government through the NNPC went ahead this morning to announce a new regime of prices under a new pricing template, despite the ongoing meeting of Stakeholders in the oil and gas sector to manage the unilateral but unfortunate announcement by the President to withdraw subsidy on petroleum products.
This is an ambush that violates the social dialogue’s spirit and tenets, which continue to be the ideal forum for resolving any disputes emerging from the Downstream petroleum sector.
“The Government cannot simultaneously discuss deregulation while setting the price of petroleum goods. This contradicts the idea of letting the free market function until the Government has hijacked, captured, or otherwise transformed market forces.
The Government’s actions have undermined the discussion by placing an unwarranted amount of pressure on the leaders and holding a gun to the heads of the Nigerian people. Consequently, it is unacceptable, and we strongly condemn it. To obtain a deal, negotiations must be conducted in good faith.
“We urge the Federal Government to tell the NNPC right now to stop using this annoying pricing template so that the stakeholders may have a free exchange of ideas. Nigerians will not tolerate any sort of manipulation from any of the parties, especially from government representatives.