The Nigeria Labour Congress has called on the Federal Government to consider options to help the country embrace developmental governance and accountable leadership while rejecting the planned petroleum price increase. Wabba described as “comical” the bait by the government to pay 40 million Nigerians N5,000 as palliative, to cushion the effect of the astronomical increase in the price of petrol. He said that the total amount involved what he called “queer initiative” was far more than the money government claimed to spend currently on fuel subsidy. “The NNPC GMD said that the price increase would be consequent on the plans by the Federal Government to remove subsidy on Premium Motor Spirit, also commonly referred to as petrol or fuel. Wabba said the contemplation by the government to increase the price of petrol by more than 200 per cent was a perfect recipe for an aggravated pile of hyperinflation and an astronomical increase in the price of goods and services.

Source: Punch November 25, 2021 20:58 UTC