Organised Labour, has asked the President Muhammadu Buhari
to further reduce the pump price of Premium Motor Spirit, PMS, otherwise known
as petrol, to N60.
Labour said Nigerians should not pay more than N60 for a
litre of petrol.
Organised labour also asked that an investment of 20 percent
of the entire donations received by the government from individuals, groups and
organizations to help combat the Coronavirus pandemic, should be used to fund
the activities of various research institutes across the nation.
President of the United Labour Congress of Nigeria (ULC),
Joe Ajaero, gave the advice when he addressed the media as part of activities
to mark the International Workers’ Day on Friday.
He pointed out that the present prices are a rip-off of the
people and indeed not justified by any known market parameters.
“Again, the ULC demands that the price of PMS, AGO and DPK
be reviewed drastically downwards. We should not be paying anything more than
N60/litre of PMS and the federal government should allow this reflected at the
pumps to stop this gang-up against the masses.
“It a shame that Nigeria has continued importing petroleum
products , while the products have become inaccessible to majority of the
citizens thus causing serious distortions to the nation’s economy,” he said.
According to him, it is now obvious that the government has
failed to live up to its electoral promises of reviving and building new
refineries.
The labour leader noted that the country spends nearly 50
percent of foreign exchange received on financing the purchase of refined
petroleum products.
Ajaero said this has made it difficult for the country to
benefit even when the price of oil was up in the international market.
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