Fuel Price Hike: Why We Shunned Nationwide Strike – TUC President

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The Trade Union Congress of Nigeria (TUC) has revealed why it shunned the recent nationwide strike which was embarked on by the Nigeria Labour Congress (NLC).

Speaking to pressmen on Sunday in Jalingo, the capital of Taraba State, the President of the TUC, Mr Bobboi Kaigama, said the union refused to join the industrial action for the best interest of Nigerians.

READ ALSO: NLC Suspends Nationwide Strike

According to him, the country’s economy would have collapsed if the union had insisted on the old pump price regime of N86.50 or joined NLC to embark on the strike.

READ ALSO: Fuel Subsidy Removal: Nationwide Updates On NLC Strike

Kaigama explained also that the old price regime became practically unsustainable given the facts and figures presented to the union by the Federal Government’s team during negotiations.

His words: “Our economy is heavily dependent on crude oil sales and in the figures presented to us NNPC made N550 billions on sales of crude and only N50 billions was remitted to the Federation Account.

“The chunk of N500 billions was used to import refined petroleum products.

“That was the reason why the three tiers of government in the last federation account meeting shared what was considered to be the least to be shared in the last 16 years.

“If we had insisted on the N86.50, our members would not receive salaries in the next two months.

“So, when we saw this position. Instead of remaining dogmatic, we opted for negotiation on how to move forward to avoid the collapse of the economy.“

Meanwhile, the NLC faction led by Ayuba Wabba has suspended the ongoing nationwide strike aimed at forcing the Federal Government to reverse the N145 per litre pump price of petrol.

READ ALSO: Fuel Subsidy Removal: NLC Summons NEC Meeting To Review Ongoing Strike

The group announced the decision on Sunday after it resolved to resume negotiation with the government.



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