Home Business Labour Union Urges Government to Boost Worker Support Amid Rising Fuel Costs
Business

Labour Union Urges Government to Boost Worker Support Amid Rising Fuel Costs

Share
Share

The Nigeria Labour Congress (NLC) has called on the Federal Government to introduce immediate financial relief for workers following a surge in petrol prices across the country. The union warned that the increasing cost of fuel is worsening the economic burden on employees and families already struggling with high living expenses.

According to the labour group, international tensions involving major global powers and oil-producing nations have contributed to the spike in crude oil prices, which has directly affected Nigeria’s domestic fuel market. The organisation noted that the situation has further exposed long-standing weaknesses in the nation’s petroleum refining capacity.

To address the challenge, the NLC urged the government to accelerate efforts to restore operations at the country’s major refineries located in Port Harcourt, Warri and Kaduna. The union believes that reviving local refining will reduce reliance on fuel imports and help stabilise petrol prices in the long term.

In addition, the labour body demanded temporary wage awards, tax reductions for workers and stronger social support for vulnerable citizens. It also appealed to the government to channel any additional revenue from rising global oil prices into measures that will ease the economic pressure currently faced by millions of Nigerians.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Business

Fear of Oil Glut as NNPCL Raises Crude Prices Across Grades

Concerns are growing over a possible global oil glut as the Nigerian...

Business

Aliko Dangote’s Wealth Climbs to $34bn After $216m Single-Day Surge

Africa’s richest man, Aliko Dangote, has seen his net worth rise to...

Business

Nigeria’s Petrol Price Drops 15.6% Year-on-Year – NBS

The average retail price of petrol in Nigeria declined by 15.6 per...

Business

BUA Cement Rolls Out Incentives to Celebrate High-Performing Distribution Partners

BUA Cement Plc has recognised outstanding distributors across the country, rewarding them...