NLC rejects proposed N5,000 stipend to replace petrol subsidy

The Nigeria Labour Congress (NLC) has rejected the proposed N5,000 for 40 million poor Nigerians when the subsidy on Petroleum Motor Spirit (PMS) is removed.

NLC President, Ayuba Wabba, said in Abuja last night that there are no ongoing talks between labour and the Federal Government, as negotiation was adjourned sine die many months ago.
NLC accused government of adopting monologue in arriving at its conclusion on subsidy removal, stressing that it will continually reject a deregulation that is anchored on importation of petroleum products.

It also said constant devaluation of the naira wouldn’t guarantee a realistic pump price of petrol.