Kindly Share This Story:•Say, it‘ll kill businesses, worsen poverty level •As PPPRA gives reasons for new price regime By Victor Young, Johnbosco Agbakwuru, Michael Eboh, & Onozure Dania LAGOS—Organized Labour yesterday rejected the new pump price of fuel announced by the Petroleum Products Price Regulatory Agency, PPPRA, and demanded immediate reversal, contending that the new price amid COVID-19 pandemic, will kill businesses and worsen poverty level across the country. This came as PPPRA defended the new price, saying it was not as a result of the prices of crude oil alone, but a result of the increase in the price of petroleum products in the international market. Nigeria Labour Congress, NLC and United Labour Congress of Nigeria, ULC, in separate statements, insisted that the hike in the pump price of petrol from N121 to N143.80 at a time when Nigerians and businesses were struggling to cope with the negative consequences of COVID-19 pandemic, was the height of insensitivity by the government. NLC in a statement by its President, Ayuba Wabba, among others argued that the “PPPRA contradicted itself when it said that the latest price increase described as an ‘advisory’ was meant to regulate a product that government claims had… Read full this story
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