Tag: Petrol Subsidy

NLC Set to Meet Today Over Govs’ N380/Litre Petrol Proposal
Labour, News, Nigeria, Petroleum

NLC Set to Meet Today Over Govs’ N380/Litre Petrol Proposal

The leadership of the Nigeria Labour Congress is set to meet today (Friday) to deliberate and reach a stance on the proposal by governors for the price of petrol to be hiked from N162/litre to N408.5/litre. On Wednesday, a committee working on the mandate of the Nigeria Governor’s Forum advocated for the full removal of petrol subsidy. It sought for the price of petrol to be fixed between N380/litre and N408.5/litre. In its reaction on Thursday, the Abuja Chamber of Commerce and Industry and the Lagos Chamber of Commerce and Industry urged the Federal Government to remove petrol subsidy gradually, considering its effect on the masses. Meanwhile, the officials of the Nigerian National Petroleum Corporation told Punch that the oil firm was awaiting the Federal Government’s position ...