The Trade Union Congress of Nigeria, TUC, says the recent increase in pump price of Premium Motor Spirit, PMS, will worsen the poverty level of workers in the country.
President of TUC, Mr Festus Osifo, who said this in a statement on Wednesday in Abuja, stressed that the leadership of the union received the news of the PMS price hike with great consternation and grave concern.
Osifo said the burden of PMS price increase is huge and percolates to all facets of social-economic life.
EDITORS PICK:
- Maduro Grounded: US Confiscates Presidential Plane
- Melania’s Betrayal: Ex-Aide Says She Hates Donald, Wants Kamala
- Israel Grinds to a Halt After Hostage Tragedy
“This sudden hike, implemented without consultation with critical stakeholders, represents a blatant disregard for the welfare of the Nigerian people, particularly the working class who bear the brunt of such decisions.
“The disturbing news of the increase in PMS pump price all over the country has sent a wave of apprehension and depression across the length and breadth of the nation.
“This is in the wake of an already existing unprecedented hardship upon citizens,” he said.
According to him, the Congress was deeply troubled by the further hike in electricity tariffs by 250 per cent, saying electricity was essential for the survival of the poorest in the society, faulting the timing and magnitude of the increases.
“Why does it have to be the common Nigerians bearing all the pains of high cost of living while those in power enjoy increased allocation and affluence,” he queried.
He said the Congress had long posited several strategies that should be activated towards strengthening the Naira and give value to every kobo spent by Nigerians.
FURTHER READING
- Israeli Forces Unleash Major West Bank Offensive
- FG Working on Steve Oronsaye Report – Gbajabiamila
- Police Arrest Man For Allegedly Killing Neighbour’s 4-Year-Old Daughter
Osifo added that the weak naira was one of the root causes of the economic problems facing the country.
He said TUC was standing with the working people of Nigeria, struggling under the weight of rising inflation and a high cost of living.
Osifo also noted that the sudden hike in fuel and electricity costs would only exacerbate these challenges, leading to further hardship and potential social unrest.
CLICK TO WATCH OUR VIDEO OF THE WEEK
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
