The Nigeria Labour Congress, NLC, has decried the latest increase in price of petrol, describing the Tinubu Administration as ruderless.
NLC President, Joe Ajaero issued a statement Wednesday asking government to come clear on its economic policy.
The statement reads:
WHAT NEXT AFTER INCREASE IN PUMP PRICE?
We·are dismayed by the latest increase in the pump price of petrol.
It looks like the only thing this government is known for is increase in the pump price of petrol without commensurate capacity of Nigerians or mitigatory measures.
Even following the logic of market forces, we find it an aberration that a private company (NNPCL) is the one fixing prices and projecting itself as a hegemonic monopoly.
We challenge the government to go to the drawing board and present us with a blueprint for an inclusive economic growth and national development instead of this spasmodic ad hocism and palliative policy.
It needs no stating the fact that the latest wave of increase has grossly altered the calculations of Nigerians once again at a time they were reluctantly coming to terms with their new realities.
It will further deepen poverty as production capacities dip, more jobs lostwith multidimensional negative effects.
In light of this, we urge the government to immediately reverse this rate hike as previous increases did not produce any good result. People only got poorer.
But more fundamentally, the government should be bold enough to tell Nigerians in advance the destination it wants to take the country.
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