President Bola Tinubu is currently meeting with leaders of
labour unions in the State House, Abuja.
The Organised Labour, comprising the Nigeria Labour Congress
(NLC) and the Trade Union Congress (TUC),
embarked on protests across the country on Wednesday over the removal of
petrol subsidy without adequate palliative measures.
The protests, initiated by NLC and TUC, raised concerns
about the impact on citizens’ cost of living, especially the vulnerable.
The meeting is aimed at conveying workers’ grievances,
negotiate potential solutions, and presenting demands for suitable palliative
measures to alleviate economic burdens.
The labour union leaders had said they were seeking
assurances from the government that concerns will be addressed effectively and
promptly, ensuring the removal of petrol subsidy is not overly burdensome,
particularly for Nigerians already facing economic challenges.
During his inaugural address on May 29, President Bola
Tinubu announced that the petrol subsidy regime was over.
The pronouncement immediately led to a hike in the pump
price of petrol, a quadrupling of transportation costs in certain areas, and
ballooning inflation across several market segments.
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