November 16, 2024
NLC Warns of Rising Poverty, Job Losses Following NNPC’s Petrol Price Hike
News Today In the News

NLC Warns of Rising Poverty, Job Losses Following NNPC’s Petrol Price Hike

NLC Warns of Rising Poverty, Job Losses Following NNPC’s Petrol Price Hike
NLC Warns of Rising Poverty, Job Losses Following NNPC’s Petrol Price Hike

The Nigeria Labour Congress, NLC, has asked the Federal Government to reverse the petrol price hike.

On Wednesday, the Nigerian National Petroleum Company Limited, NNPC-L, announced an increase in petrol prices across its retail outlets.

In response, the Nigeria Labour Congress president, Joe Ajaero, has voiced strong concerns, stating that the hike comes at a time when many Nigerians are struggling financially.

The NLC boss warned that the increase will worsen the economic situation for many, disrupting household budgets and pushing more people into poverty. 

Also Read: NAFDAC Destroys Over N10 Billion in Fake and Substandard Drugs

He further cautioned that reduced production and job losses could follow, deepening the nation’s economic challenges.

Leave feedback about this

News, Today In the News

News, Today In the News

News, Today In the News