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    Fuel Subsidy: FG meets NLC to avert looming strike

    Opalim LiftedBy Opalim LiftedJune 4, 2023No Comments2 Mins Read
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    Egypt hikes fuel prices up to 30% over Middle East war
    A file photo of petrol pump
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    The federal government has called another meeting at the Presidential Villa with members of the Nigeria Labour Congress (NLC) and Trade Union Congress to discuss the withdrawal of fuel subsidy.

    The meeting, which is scheduled for today, comes five days after a previous meeting on the same subject ended in a deadlock.

    • Petrol Subsidy: OPEC, allies meet to debate production quotas

    President Bola Tinubu stated during his inaugural speech on May 29 that “the fuel subsidy is gone.”

    The president’s announcement instantly resulted in long lines at petrol stations and an increase in the product’s pump price across the country.

    President of the NLC, Joe Ajaero, and his Trade Union Congress (TUC) counterpart, Festus Osifo, told state house correspondents after the first meeting that the government must return to the old price of petrol or workers will embark on a nationwide strike billed to commence next Wednesday.

    Meanwhile, the National Union of Electricity Employees (NUEE), in a memo dated June 2 and signed by its general secretary, Dominic Igwebike, also announced that its members would join the strike.

    The federal government representatives at the last meeting included Dele Alake, spokesperson for the government’s delegation; Group CEO of NNPCL Mele Kyari; Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele; and Adams Oshiomhole, former governor of Edo State.

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    Petrol price hike deepens cost of living crisis in Nigeria

    Petrol price hike deepens cost of living crisis in Nigeria

    Tinubu sets up petroleum reform task force to drive sector overhaul

    Tinubu overrules Keyamo, moves NSIB to Presidency

    Wike bloc plans March 28 PDP convention after court victory

    Wike threatens to demolish illegal buildings on embassies land

    CBN asks banks to introduce liveness checks, transaction limits on mobile banking

    CBN orders banks to introduce liveness checks, transaction limits on mobile banking

    The US has announced a reward of up to $10m for information on several Iranian officials, including the country’s new supreme leader.

    US offers $10m reward for information on Iran’s supreme leader Khamenei, others

    Tinubu sets up petroleum reform task force to drive sector overhaul

    Tinubu sets up petroleum reform task force to drive sector overhaul

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    Petrol price hike deepens cost of living crisis in Nigeria

    Petrol price hike deepens cost of living crisis in Nigeria

    March 14, 2026
    Tinubu sets up petroleum reform task force to drive sector overhaul

    Tinubu overrules Keyamo, moves NSIB to Presidency

    March 14, 2026
    Wike bloc plans March 28 PDP convention after court victory

    Wike threatens to demolish illegal buildings on embassies land

    March 14, 2026
    CBN asks banks to introduce liveness checks, transaction limits on mobile banking

    CBN orders banks to introduce liveness checks, transaction limits on mobile banking

    March 14, 2026
    The US has announced a reward of up to $10m for information on several Iranian officials, including the country’s new supreme leader.

    US offers $10m reward for information on Iran’s supreme leader Khamenei, others

    March 13, 2026
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