- Nigerians have continued to absorb the recent announcement by the federal government on fuel pump price increase
- While some have condemned the planned increase others especially state governor have commended the federal government for its decision
- However, the leadership of the Nigerian Labour Congress has said that the announcement by the government is a bait that cannot be accepted
The president of the congress, Ayuba Wabba, in a statement released in Abuja said members of the NLC would not take the bait thrown by the federal government.
Premium Times reports that Wabba said the announcement made by the group managing director of the Nigerians National Petroluem Corporation (NNPC), Mele Kyari, that fuel would cost as high as N340 by Februray 2022 is comical.
He said the "bait" by the FG to provide 40 million poor Nigerians with N5,000 in place of fuel increament is laughable.
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Also, Guardian reports that the N5,000 palliative cannot cushion the effect of the astronomical increase in the fuel pump price by the federal government.
Further referring to the total amount involved as a “queer initiative“, Wabba said the fund is far more than the money government claimed to spend currently on fuel subsidy.
“The grand optimism of the NNPC GMD was predicated on the claims that the removal of fuel subsidy is now backed by an act of parliament probably the Petroleum Industry Act which was recently signed into law."
FG announces increase in fuel pump price by February 2022
Meanwhile, Legit.ng previously reported that the Nigerian government had announced the removal of fuel subsidy by February 2022.
The minister of finance, Zainab Ahmed, also said that there would be a payment of N5,000 transport grant to poor Nigerians.
According to the minister, the beneficiaries would be Nigerians who make up the poorest population.
Former lawmakers lists 4 major effects of fuel increase
In other news, a former lawmaker of the Eighth Assembly, Shehu Sani had listed some of the expected impacts of the removal of fuel subsidy and subsequent increase in fuel pump price.
Sani who took to his Facebook page to make the listing said salaries or wages will be worthless to many Nigerians across the country while landlords will increase the rent in their property.
In addition, the former lawmaker also said that schools will increase the tuition and parents must pay and food prices, transport, water and electricity bills will increase.