Petrol may sell for N403/litre as governors engage Labour | The Guardian Nigeria News - Nigeria and World News

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Nigerians may need to adjust their expectations ahead of possible removal of subsidy as the rising price of crude oil may push Premium Motor Spirit (PMS), otherwise called petrol, to N403 per litre.

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• Expect a decision on subsidy removal in June, NEC tells Nigerians• NLC insists on Feb 1 national protest, mobilises labour across the country

As NLC, on Wednesday, mandated all states organs to intensify mobilisation for next Thursday’s nationwide protest against the Nigerian government over its proposed increase in the pump price of petrol, the National Economic Council rose from its first meeting this year, in Abuja, disclosing that a decision on the removal of petrol subsidy will be made in June when the provision for its payment in the 2022 budget expires.

Coming at a time when implementation of the N30,000 minimum wage remains a challenge across many states, stakeholders insisted that there was need for the government to gain the trust of citizens in removing subsidy, adding that most Nigerians no longer believe in their government. Contrary to expectations that the signing of the Petroleum Industry Act would automatically commence the deregulation of the downstream sector, especially the removal of subsidy, the Federal Government said last year that the retail price petrol would remain at N162 per litre until a feasible framework is developed.

Energy expert and former Managing Director at Nigerian Bulk Electricity Trading Company, Rumundaka Wonodi, said the government can only convince citizens on dropping subsidy if public office holders stop wasting the nation’s resources on themselves frivolously. He stated that even though NEC has been having a conversation on the matter, the Council was yet to take a position on it.

NGF Chairman and Ekiti State governor, Kayode Fayemi, said: “We shall be engaging NLC as sub national leaders with a view to ensuring that the outcome of our engagement will also be fed into the national discourse.”

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Buhari has finally killed this country.

Before MBuhari 's Govt removes fuel subsidy, all public officials- including Buhari, Osinbajo, all ministers & members of NASS should be placed on N 30,000 per month salary, with no other privilege of state. They can't feel the masses pain if they don't wear their shoes

Stupidity to the highest order

They are ready to sell fuel 900 self but they are not ready to pay minimum wages. Isn't is obvious that they are not our leaders but oppressor and yet election time will come u will see educated people hailing Dem for a public post when they know they are not fit. 9ja na scam

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