Organized labour, yesterday, insisted it would shut down the economy from Wednesday, May 18, should the Federal Government fail to revert the pump price of petrol to the pre-May 11 price of N86.50, among other demands, by midnight of Tuesday, May 17.
The declaration was made on a day indications emerged that government was disposed to amicable settlement of the price hike impasse with labour.
The Minister of Labour and Employment, Senator Chris Ngige, however begged NLC and Nigerians to endure the hike in the price of petrol, saying it would help to revive the economy.
The Minister explained that the government action was influenced by the need to reposition the economy into a productive one.
Speaking when he paid a visit to the South East regional office of the Nigeria Social Insurance Trust Fund, NSITF, in Enugu, he explained that Nigeria was passing through painful structural reforms necessary for rebirth.
“The Federal Government is not unaware of the hard times Nigerians are passing through as a result of the re-structuring of the economy. The President is genuinely concerned and personally feels the pains too. But this is a necessary phase we must all endure for the restoration of better days,” Ngige said. Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com