BREAKING: Labour Suspends January 27 Fuel Subsidy Protest

The Nigeria Labour Congress has cautioned the Federal Government against plans to end fuel subsidies in 2022, claiming that such a move will spark national protests.

The lawmakers stated that if the FG announces increased fuel prices next year, the planned protests will begin without notice.

The organization said that on January 27, 2022, it will hold a protest across the 36 states of the union, culminating in the submission of complaint letters to all state governors.

This will be followed on February 1 by another countrywide demonstration, which will also take place in Abuja, according to the statement.

These were among the decisions passed during the NLC’s National Executive Council meeting on Friday, which took place at the Labour House in Abuja.

Following guidance from the International Monetary Fund and the World Bank, the government announced that gasoline subsidies will be phased off next year.

Mrs Zainab Ahmed, the Minister of Finance, announced that roughly 40 million impoverished Nigerians will get a N5,000 monthly stipend for transportation in its stead.

The NLC, however, warned during its NEC meeting that removing subsidies would expose Nigerian workers and the general public to severe deprivation, misery, and suffering, worsening the country’s already established tendency of hyperinflation.

According to the union, the price of petrol and other refined petroleum products will continue to rise beyond the reach of ordinary Nigerian workers and citizens as long as refined petroleum product pricing is based on an importation pricing template, which is heavily reliant on a volatile foreign exchange rate heavily skewed against the naira.

This, it noted, inspired congress’s typical posture of rejecting constant increases in the price of gasoline at the pump, which are frequently camouflaged as deregulation or the withdrawal of fuel subsidies.

“The NEC, therefore, resolved to reject and resist the planned increase in the pump price of petrol by the Federal Government as it described it as extremely insensitive to the acute hardship being experienced by Nigerian workers and people,” said the communiqué signed by NLC President Ayuba Wabba and General Secretary Emmanuel Ugboaja.

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