Subsidy: FG considers wage review as labour begins strike Wednesday

This was as the controversy trailing the Federal Government’s removal of fuel subsidy and the subsequent increase in the price of premium motor spirit took a fresh turn on Friday when the Nigeria Labour Congress threatened to embark on a nationwide strike on Wednesday.

“We need to do some arithmetic and soul searching on the minimum wage. We will have to take a look at that together, and the revenue. We must strengthen the source and application of our revenue,” Tinubu added. “Consequently, the NLC decided that if by Wednesday next week, the NNPCL, a private limited liability company that illegally announced a price regime in the oil sector, refuses to reverse, the NLC and all its affiliates will withdraw their services and commence protest nationwide until this is complied with.

However, Tinubu’s declaration led to an increase in panic buying with some filling stations across the country pegging the pump price of petrol at N600 per litre few hours after the announcement. “Having noted this, we wish to state as follows that the NEC in session resolves that discussions should continue while we demand that government should reverse to status quo ante.

Addressing State House Correspondents on Friday, the Chairman of PGF and Governor of Imo State, Hope Uzodimma, condemned the price increase in what he described as “old stock” and called on Nigerians to rally behind the government’s decision to discontinue the payment of petrol subsidy. “Labour should drop the idea of going on strike so that we can all move in the same direction. You can give a benefit of doubt to this current administration because they are just coming on board.

He noted, “Well I don’t think it’s advisable to reverse the pump price of petrol. What needs to happen is for negotiations to take place in an accelerated manner so that palliatives and things like that can be discussed because the economy is already on the brink. In an interview with Saturday PUNCH, the National Chairman of LP, Julius Abure, knocked President Tinubu for bringing further hardship on the people barely 24 hours after his inauguration.

However, the chief spokesman for the dissolved APC Presidential Campaign Council, Festus Keyamo, frowned upon the decision of the NLC to embark on strike.

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