Following the news of the Federal government’s plan to increase fuel pump price to N340, the Nigeria Labour Congress (NLC) has vowed to grand economic activities across the country, adding that it has started mobilisation of its members for the showdown. He contended that if the government succeeds in the plan, the impact of the price hike will affect every Nigerians, motorists, households, transporters, and others. According to him, “The concept of accepting deregulation hook line and sinker anchored on import driven price model is not something that we can accept. We are the only country trying to adopt this IMF imposed model of deregulation on the basis of import driven price mechanism. The impact of the policy of price hike under the name of deregulation will affect every Nigerian citizen either directly or indirectly.

Source: Nigerian Tribune December 07, 2021 02:37 UTC