The unilateral increase in prices of
petroleum products today by government represents the height of insensitivity
and impunity and shall be resisted by the Nigeria Labour Congress and its civil
society allies.
With the imposition
on the citizenry of criminal and unjustifiable electricity tariff and resultant
darkness and other economic challenges brought on by the devaluation of the
Naira and spiraling inflation, the least one had
expected at this point in time was another policy measure that would further
make life more miserable for the ordinary Nigerian
The latest increase is the most audacious and cruel in
the history of product price increase as It represents not only about 80 per
cent increase but it is tied to the black market exchange rate.
Further more, the process through which
government arrived at this is both illogical and illegal as the board of the
PPPRA is not duly constituted. In our previous statements and communiques, we
had stressed the need for reconstituting the boards of NNPC and PPPRA and wean
both away from the overbearing influence of the Minister of State for Petroleum
Resources who has assumed the role of a Sole Administrator.
