Nigeria Government

NLC Condemns World Bank's Call Over #750/Liter Per Petrol In Nigeria.

NLC Condemns World Bank’s Call Over #750/Liter Per Petrol In Nigeria.

The Nigeria Labour Congress (NLC) has strongly criticized the World Bank’s suggestion to increase the price of petrol to 750 naira per liter, deeming it mischievous and potentially detrimental to the nation’s economy.

The NLC warned that the World Bank’s proposal seemed designed to set the country on fire, emphasizing the malicious intent behind the recommendation. They condemned the idea, describing it as an attempt to destabilize the nation’s economic stability.

Highlighting the contradiction with the Nigerian President’s earlier statement on the subsidy removal during his May 29, 2023, inaugural speech, they rejected the World Bank’s counsel vehemently, considering Tinubu’s assurance that the subsidy was no longer in place.

They accused the World Bank of being an enemy to the Nigerian nation, asserting that its policies often favored foreign interests over the well-being of its citizens.

They emphasized that the institution’s recommendations, such as the previous fuel price hike influenced by the World Bank and the International Monetary Fund (IMF), had already caused difficulties and suffering in the country.

Furthermore, they urged the government to resist foreign influence, especially from institutions like the World Bank and IMF, which, according to them, historically exacerbated economic disparities in third-world countries.

They called for a focus on internal resources and human potential to address challenges and formulate policies that genuinely uplift the standard of living for all Nigerians.

They criticized the World Bank for its opposition to the revival of domestic refineries and urged the institution to respect Nigeria’s sovereignty, asserting that its interference in internal affairs was rude and insensitive.

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