10th October 2024, NewsOrient, News, Law And Society, Governance And Development, Business And Economy

The Trade Union Congress (TUC) in Nigeria has warned President Bola Ahmed Tinubu-led Federal Government to return petrol prices to what they were as of June 2023 or be prepared to face it’s wrath.

“We want the price of the product to go below what it was before; not just reverse to what it was before but to go below,” said TUC President, Festus Osifo, at a press briefing in Abuja on Thursday.

Osifo also asked the government to specially intervene in the sector by giving foreign exchange to Dangote Refinery at $1/N1,000 and not at the current $over 1/N1,600 exchange rate to crash petrol prices.

“The solution we are proposing if implemented will take us to the price we had as of June last year,” Osifo stated, stressing that “there is no government in the world that doesn’t intervene in its critical sector” and that the Federal Government “shouldn’t leave it (the oil sector) to the vagaries and gyration of our naira”.

~ NewsOrient

For News, Interviews, Special Events Coverage, Advertisements, Corporate Reports, etc., Contact:
Email: Newsorientng@gmail.com

Website: https://newsorientng.com
Phone: +2348023165410; +2348064041541