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The Nigerian National Petroleum Company Limited (NNPCL) has recently increased the pump price of petrol twice since the removal of petrol subsidy.
Nigerians now have to buy petrol products at N617 per litre, depending on the region they are in.
This increase in price has led to a one-day protest organized by the labour unions across the country to draw attention to the rising cost of living.
The protest was later suspended after a meeting with President Bola Tinubu.
There have been reports of further increases in the price of petrol by independent marketers, citing the fall in the value of the Naira to a dollar in the parallel market.
The labour unions have warned that if the government continues to increase the pump price of petroleum products without addressing the consequences of the previous increases, they will not give any notice before taking action.
They also emphasized the need for the government to address inflation and the falling value of the Naira in order to retain the N30,000 minimum wage.
The Director of Trade Unions Services and Industrial Relations at the Federal Ministry of Labour and Employment urged the labour unions to prioritize and advocate for the protection and enhancement of workers’ rights.
He also called on union leaders to recognize the benefits of economic growth for both workers and the overall economy.
The General Secretary of the Ghana Trade Union Congress expressed his concern about the regression of African society and emphasized the need for unions to come together to take back control from politicians and restore the dignity of the continent.
This article was updated 2 months ago