Fuel Subsidy: NLC To Embark On Nationwide Strike Wednesday

The New Diplomat
Writer

Ad

Global CEOs, Top Diplomats, Ministers, Governors, Industry leaders gather in New York to unlock the Gulf of Guinea’s over $800 billion Energy, Oil & Gas, Minerals, Maritime Opportunities

By Abiola Olawale Following the official opening of the 80th Session of the United Nations General Assembly (UNGA80), New York, USA, high-level delegations from over a dozen countries, including global CEOs, top diplomats, ministers, governors, industry leaders will gather in New York to unlock the Gulf of Guinea’s over $800 billion Energy, Oil & Gas,…

Charted: Populations of China, India, U.S., and Europe (1950–2100)

Key Takeaways India is projected to remain the world’s most populous country through 2100, stabilizing around 1.5 billion people. China’s population is expected to fall by more than half, from 1.4 billion to 0.6 billion. Europe’s population will decline steadily, while the U.S. population grows gradually to 420 million. As global demographics continue to shift,…

Elon Musk drops to second place as AI boom powers Oracle’s Larry Ellison to world’s richest status

By Obinna Uballa Elon Musk has lost his long-held crown as the world’s richest person to Oracle co-founder Larry Ellison, following a record-breaking surge in Ellison’s net worth. According to Bloomberg’s Billionaire Index, Ellison’s fortune jumped by an unprecedented $101 billion on Tuesday night to reach $393 billion, surpassing Musk’s $385 billion. The windfall came…

Ad

By Charles Adingupu

The dust generated by the removal of fuel subsidy as announced in President Bola Tinubu’s inaugural speech is far from settled as the Nigeria Labour Congess (NLC) plans to embark on a nationwide strike from next Wednesday.

NLC President, Joe Ajaero, made the announcement after an emergency meeting of the union’s National Executive Council (NEC) in Abuja.

He said the government, particularly the Nigerian National Petroleum Company (NNPC) Limited had until Wednesday next week to revert to the old price for Premium Motor Spirit (PMS) otherwise known as petrol.

Ajaero warned that failure of the Federal Government to meet the ultimatum would lead to indefinite protest across the country.

It would be recalled that attempts by the federal government to forestall such an eventuality proved abortive when it failed to reach amicable settlement with union leaders at the meeting held during the week.

The federal government had prior to this time, promised to provide palliatives for those it described as “the poorest of the poor” to cushion the effects of the steep petrol pump price across Nigeria.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp