According to Mr. Ayuba Wabba, the departing President of the Nigeria Labour Congress (NLC), organized labor is pushing for an end to the country’s gasoline importation strategy since it would lower fuel costs.
At the 13th Quadrennial National Delegates Conference of the Congress, Wabba dropped the clue on Tuesday in Abuja.
Building People’s Power, National Unity, and the Search for a New Social Contract is the conference’s topic.
He claims that labor will seek a change in policy rather than a decrease in gasoline costs.
“The International Monetary Fund (IMF) imposed the importation policy on Nigerians in 2003, which is why the pricing model of items is centered on importation,” he stated.
When local refining begins, according to Wabba, the federal government may decide to end the subsidy on petroleum products.
Local refining will eliminate corruption and subsidies throughout the board.
“The Nigerian people would have employment prospects when we refine petroleum there. We can group young people together and provide them with employment, which would eliminate 50% of the issue, he said.
The NLC president said that since oil was a gift from God to Nigeria, it should have a good effect on the country’s economy.
“It is distressing to see individuals waiting in long lines at banks to access money and at gas stations to purchase petrol.
Getting money into the bank and purchasing petrol at gas stations has become more difficult for Nigerians; if the problem is not resolved in the shortest amount of time, nobody can say what could happen.
According to the labour leader, the government should prioritize taxes in order to be self-sufficient.