Friday, December 15, 2023
NLC Tells Nigerian Govt Not To Takw World Bank Advice To Increase PMS
The Nigeria Labour Congress, on Thursday December 14, 2023, warned the Federal Government of Nigeria against heeding the advice of the World Bank to increase the pump price of Premium Motor Spirit, popularly called petrol to N750/litre. The NLC’s Head of Information, Benson Upah said any further increase in the price of petrol would lead to anarchy in the country. -Dailypost
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Looking at labour with side eyes 👀
ReplyDeleteMy tired is tired Eziokwu...
ReplyDeleteAfter work, nothing is left with you
Mtchewwwwwww 😡
Na wa o, e go hot if them increase am
ReplyDeleteWorld Bank the masses are looking at you.
ReplyDeleteThe same Nigerian masses were impoverished by subsidy for so many decades.
DeleteThe save period supported all three major candidates who campaigned to remove subsidy FROM DAY ONE because it made no economic sense or wet they expecting the price of a subsidised item to crash?
Progress takes pain and palliative only slightly improves things.
It's a long road ahead and it will be bumpy but government should not be controlled by a most unserious set of people who have failed to fix the refineries they work in, address the underperformance of their members and their exorbitant drain on the nation's resources but are ready to down tools, disrupt travel then send innocent children home from schools, even put an entire state in darkness because their chairman was meddling in local politics for selfish gain and "found out".
abeg, nigeria govt shouldnt consider it
ReplyDeleteBecause the masses are suffering the effect of the increase and smiling, they think we are comfortable with it, now they are advising them to further increase the price, later they will say they are being kidnapped for a ransom and the rate of violence is high, this will of course be inevitable. If they try increasing it then they will know that he who says his mother(Nigerian citizens) will not sleep might find no sleep too because they are already pushing the masses to the wall. Any little increase like this might lead to a serious anarchy.
ReplyDeleteUse your free or subsidised education courtesy of Nigeria, well. The price of crude oil and its finished products like PMS is set internationall, in USD. Even if all refineries in Nigeria worked, the price reduction would not be up to 50 naira due to downstream costs eg transport, storage, etc. A government that is borrowing over 90 percent of its budget cannot afford to be setting that money on fire in the name of masses. These same masses have enjoyed subsidised education, health, power, transportation, and dollars for the past 6 decades and haven't turned it in to wealth. Even when they leave Nigeria, they still blatantly lie to their children that they benefitted nothing from the country. The entire federal budget divided by the population of 200 million cannot guarantee each citizen 40k per year and most citizens don't even pay anything except contribute complaints.
DeleteThe global demand and supply for energy in addition to groups like OPEC set fuel price in USD and the Nigerian economy would be destroyed if we continued to make ourselves illiquid by devaluing our naira by increasing dollar demand to buy fuel. When diesel prices crashed months ago, you didn't praise the government and shouldn't have.
Those who were lying that Nigeria has done nothing for them have spend only some months making up the price Nigeria has been paying for them since birth on fuel and are now complaining bitterly as if one of the elite importers of biscuit and salad cream wasn't deceiving them in the past election that Nigeria did nothing for them. This same joker who refused to set up the factories for manufacturing deceived those few people he pays 20k per month while he carts of his profits to the Caribbeans, weakening the naira on both sides said he will remove subsidy on day one. I'm guessing he planned to storm eagle's square with the billions of dollars Nigeria didn't even have and was owing to mitigate the unavoidable pain that comes with living large on a cabin biscuit budget for 60 years.
Nigerians would be better served by waking up to the reality of the situation. Buy locally and earn internationally. Grow what you can in your back garden and as extendedfamilies, communal societies and coopertives, go back to the soil to make food healthier and cheaper for you in addition to providing jobs. Cut your coat according to the size of your material and increase you earning power. There is simply no other way of of this. The math doesn't lie.
Those complaining from afar raised the money to go from the same Nigeria. How many of the masses they have met can comfortably raise up to 30 million or more as a familyin these developed nations? They always share the finished product but not the budget it takes to fund it. They tell you about the taste of comfort but not the collective toil. Ask them what the price of fuel is and how much of their paycheck goes to fund those free this or that programme.
Enough of those of us who have left, lying to those at home. Our parents have eaten some sour grapes and the bill has come. No be retiree go pay.
You go explain tire no evidence. Look at the breakdown of 2024 budget and come back and talk. See how much they’re spending on travels. Or is it the hatch and the cover up. Most people I know borrowed money to japa.
DeleteAbeg talk another thing. Keep defending
It’s only to increase fuel them sabi. How about they cut down their salaries???
DeleteNo further increase on fuel I beg you people haba
ReplyDeleteWorld bank did not have sense to advise FG to make the refineries work, it is how to increase price and make life unbearable for the masses..and the mumu will call our leaders too can't think..it is well.
ReplyDeleteMtchewwwwwwww
ReplyDeleteWorld Bank and their suggestions. Hmmmmm.
ReplyDeleteThe whole world is suffering abeg. It is only rich that is enjoying. Energy prices and groceries are driving the poor crazy and the middle class is groaning.
ReplyDeleteThank you. I saw this coming when the so called developed nations started printing money to give citizens who were kept from their jobs during the lockdowns. Even those who invested in real estate were not spared and rather, legally led into bad debt and poverty because they couldn't make mortgage payments as tenants were told not to pay.
DeleteToday, the result is sky high inflation and coupled with new expensive wars and increasing energy demand and ban on some big suppliers, energy prices are skyrocketing. The level of inflation on shopping cart items and everyday costs and bills are to be studied.
There is no el dorado anywhere but when these kind of challenges hit those who have lived a largely subsidised life, the next thing is to blame a government that they don't fund and only benefit from.
Is it World Bank that is ruling us now? From 630 to 750 na wa ooo meaning transportation will take all our savings ni ye ooo.
ReplyDeleteThey are funding your economy since your 25k per month in taxes (if at all you pay or file) is not going to cut it.
DeleteThey are reminding you that there is no free lunch. Using borrowed money to buy dollars so rice that isn't your staple food or an investment can be cheaper would only make things worse for the children whose future you are consuming.
It's better to pay the price now than to defer it as we have been doing, consuming what we cannot afford.
Please oooooooh world bank.
ReplyDelete