Would you like to receive notifications on latest updates of the following headlines?

Fuel hike: TUC Kicks, demands return of fuel prices

POSTED ON October 11, 2024 •   Metro      BY Benedicta Bassey
TUC National President, Festus Osifo

The Trade Union Congress has frowned at the recent increment in the price of petroleum, demanding an urgent return of the prices to what they were as of June 2023.

TUC National President, Festus Osifo said this during a press briefing in Abuja.

The union condemned the sudden increment in the recent pump price of fuel across the nation.

It, however advised the government to provide foreign exchange to the Dangote refinery.

According to Osifo, “We want the price of the product to go below what it was before; not just reverse to what it was before but to go below.

“The solution we are proposing if implemented will take us to the price we had as of June last year,” Osifo stated, stressing that “there is no government in the world that doesn’t intervene in its critical sector” and that the Federal Government “shouldn’t leave it (the oil sector) to the vagaries and gyration of our naira”.

The TUC leader underscored the need for the availability, affordability, and accessibility of petrol for all Nigerians owing to the essential nature of the product.

The union said, “We want the Federal Government to, through Nigerian Midstream and Downstream Petroleum Regulatory Authority give all marketers licenses to lift petrol from the Dangote Refinery.”

“If it is not available, it is a problem. If, for example, the production from Dangote Refinery is less than 15 million litres per day, it is not sufficient.

“So, while efforts are being made to ramp up production from Dangote Refinery, what we are demanding is that we should look for every other means as we are ramping up production, we should source for that difference and bring it in for a while until Dangote can get to that level where the production is sufficient to get to all nooks and crannies of Nigeria. This is crucial to address the availability need," Osifo said.

READ ALSO
Kanu optimistic about release as Igbo leader calls for stronger advocacy
BY Abiodun Saheed Omodara April 4, 2025 0

The President-General of the Igbo Community Association (ICA) in the Federal Capital Territory (FCT)...

READ ALSO
Ogun police respond to rising attacks at Sagamu interchange
BY Abiodun Saheed Omodara April 4, 2025 0

There are worries regarding the attacks and killings by hoodlums targeting commuters traveling to Ab...

READ ALSO
Federal high court orders forfeiture of $20,000 from traveler for customs violation
BY Abiodun Saheed Omodara April 3, 2025 0

LAGOS, Nigeria - A Federal High Court in Lagos has mandated the forfeiture of $20,000 seized by the...

READ ALSO
Lagos faces severe traffic chaos as Independence Bridge repairs begin after Sallah holiday
BY Abiodun Saheed Omodara April 3, 2025 0

LAGOS, NIGERIA - Lagos residents faced a challenging situation yesterday as they returned to work fo...

READ ALSO
Bayelsa communities threaten to halt oil production over security contract dispute
BY Abiodun Saheed Omodara April 3, 2025 0

BAYELSA, Nigeria - Nigeria’s struggling oil output may be on the brink of another crisis as co...

READ ALSO
Nigeria imposes N20m fine, 10-Year Jail Term for Ponzi scheme offenders
BY Abiodun Saheed Omodara April 2, 2025 0

The Securities and Exchange Commission (SEC) has stated that promoters and operators of Ponzi scheme...

READ ALSO
Adeyeye urges capital punishment for drug traffickers amidst N1trn confiscation
BY Abiodun Saheed Omodara April 2, 2025 0

The ongoing fight against counterfeit and substandard medical products by the National Agency for Fo...

READ ALSO
NHRC calls for Justice, Preventive Measures after Uromi mob killing
BY Abiodun Saheed Omodara April 1, 2025 0

ABUJA, Nigeria -  The National Human Rights Commission (NHRC) has praised the prompt actions ta...

OUR CHANNELS:

Lagos faces severe traffic chaos as Independence Bridge repairs begin after Sallah holiday
BY Abiodun Saheed Omodara April 3, 2025 0

LAGOS, NIGERIA - Lagos residents faced a challenging situation yesterday as they returned to work fo...


FG signs $174.6M agreement with UNIDO to enhance Nigeria's industry
BY Abiodun Saheed Omodara April 3, 2025 0

The Federal Government and the United Nations Industrial Development Organisation (UNIDO) have enter...


U.S. shows highest anxiety over AI Job loss amidst technological advancements
BY Abiodun Saheed Omodara April 3, 2025 0

Despite its advanced status, research indicates that the United States of America (USA) has the high...


Bayelsa communities threaten to halt oil production over security contract dispute
BY Abiodun Saheed Omodara April 3, 2025 0

BAYELSA, Nigeria - Nigeria’s struggling oil output may be on the brink of another crisis as co...


NITDA Partners Afrovision technologies to bridge job gap for Nigeria’s Tech Talent
BY Abiodun Saheed Omodara April 3, 2025 0

In an effort to tackle the ongoing challenge of job placement for Nigeria’s expanding tech tal...


Falana advocates for accountability and rule of law
BY Abiodun Saheed Omodara April 3, 2025 0

Human rights Lawyer, Femi Falana (SAN), has called on Nigerians to seek accountability from their le...


FG signals tough stance on underdeveloped Oilfields, calls for strategic IOC investments
BY Abiodun Saheed Omodara April 3, 2025 0

The Federal Government expressed its worries on Tuesday about the growing number of idle and underde...


OpenAI valuation hits $300 billion after SoftBank-led fund
BY Abiodun Saheed Omodara April 3, 2025 0

The Japanese telecommunications company, alongside a group of investors, has recently announced yet...


Fuel prices expect to fall below N750 by Year-End - NIPSS
BY Abiodun Saheed Omodara April 3, 2025 0

The National Institute for Policy and Strategic Studies (NIPSS) has said that with Dangote Refinery...


Nigeria imposes N20m fine, 10-Year Jail Term for Ponzi scheme offenders
BY Abiodun Saheed Omodara April 2, 2025 0

The Securities and Exchange Commission (SEC) has stated that promoters and operators of Ponzi scheme...


More Articles

Load more...

Menu