[Nigeria] Pump price increase warning [Nigeria] Pump price increase warning

[Nigeria] Pump price increase warning
14 May 2019

The Nigerian Labour Congress (NLC) has issued a warning to the Federal government against an increase in the pump price, Naija247News reports.

The NLC said it would outright reject any attempt to adjust the prices of petroleum upwards and warned of the impact such a move could have.

Ayuba Wabara - NLC President - said Labour was also fighting back against the increase of Value Added Tax (VAT), in remarks to the delegate conference of the Borno State chapter of the union in Maiduguri. He urged the government to develop further strategies to improve its internally-generated revenue instead.

Mr Wabara was represented by Akpawosu Anietie - the NLC General Secretary, Radio, Television, Theatre Arts Workers Union (RATTAWU) - at the delegate conference. He expressed concern that an incremental growth of pump prices or taxes would rob Nigerian workers of “minimal relief” following the increase in the minimum wage.

“We warn that any increase in VAT or PAYE would not only rob workers of minimal relief from the increase in the national minimum wage but would also our economy in dire straits,” he said. He also urged the government to consider other progressive ways of financing the budget.

“We call on the government to adhere to the provision of Chapter Two of the Nigeria 1999 Constitution which expects it to ensure that the economic system is not operated in such a manner as to permit the concentration of wealth or means of production and exchange in the hands of few individual or group,” he said.

Ali Abana - the outgoing NLC chairman, Borno State chapter - urged the state government to now begin paying the minimum wage approved by President Muhammadu Buhari.

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The Nigerian Labour Congress (NLC) has issued a warning to the Federal government against an increase in the pump price, Naija247News reports.

The NLC said it would outright reject any attempt to adjust the prices of petroleum upwards and warned of the impact such a move could have.

Ayuba Wabara - NLC President - said Labour was also fighting back against the increase of Value Added Tax (VAT), in remarks to the delegate conference of the Borno State chapter of the union in Maiduguri. He urged the government to develop further strategies to improve its internally-generated revenue instead.

Mr Wabara was represented by Akpawosu Anietie - the NLC General Secretary, Radio, Television, Theatre Arts Workers Union (RATTAWU) - at the delegate conference. He expressed concern that an incremental growth of pump prices or taxes would rob Nigerian workers of “minimal relief” following the increase in the minimum wage.

“We warn that any increase in VAT or PAYE would not only rob workers of minimal relief from the increase in the national minimum wage but would also our economy in dire straits,” he said. He also urged the government to consider other progressive ways of financing the budget.

“We call on the government to adhere to the provision of Chapter Two of the Nigeria 1999 Constitution which expects it to ensure that the economic system is not operated in such a manner as to permit the concentration of wealth or means of production and exchange in the hands of few individual or group,” he said.

Ali Abana - the outgoing NLC chairman, Borno State chapter - urged the state government to now begin paying the minimum wage approved by President Muhammadu Buhari.

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Two ex-pat oil workers abducted

50% VAT increase to pay new minimum wage

Obiano remains committed to N30,000 minimum wage promise

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