ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, September 19, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Labour Rejects World Bank’s Call For N750/L Fuel Price

by Adegwu John
2 years ago
in Cover Stories, Featured, News
nlc ajaero
Share on WhatsAppShare on FacebookShare on XTelegram

Nigeria Labour Congress (NLC) has strongly criticised the World Bank for suggesting an end to petrol subsidy and an increase in petrol price to N750 per litre, labelling the financial institution an “enemy of the Nigerian nation.”

Advertisement

Ajaero, in a statement yesterday, expressed disappointment with the World Bank’s recommendation, highlighting the adverse effects such a policy would have on the welfare of Nigerians.

He firmly rejected the proposal, noting that Nigeria should not succumb to foreign pressure, especially from organisations like the World Bank and the IMF, which often advocate policies detrimental to the citizens’ welfare.

“It is truly a shame that the World Bank has really shown itself to be an enemy of the Nigerian nation. Its continued grandstanding and generation of anti-poor policies and programmes have destabilised many countries of the South, especially nations within the sub-Saharan region,” Ajaero stated.

The NLC underscored the aftermath of previous increases in petrol prices, citing the resultant hardships and negative impacts on Nigeria’s industrial base and domestic manufacturing capacity.

Related News

Tackle Crude Oil Theft, Warri Group Tells Government

1 minute ago

Apex Court Ruling: Council Tasks Ondo Governor On Youth Inclusion

2 minutes ago

Ajaero stressed the need for the government to prioritise local resources, revitalise domestic refineries, and combat corruption in the downstream petroleum sector instead of following the World Bank’s counsel.

“The difficulties and suffering created by the last hike in the price of PMS which was a product of the advice of the World Bank and its sister institution, the IMF,  is still ravaging the nation, destroying in its wake the nation’s industrial base and domestic manufacturing capacity which favours Western metropoles,” he noted.

Highlighting the disparity between international petrol prices and local wages, the NLC warned against further increases, terming it a “suicide pill” that would exacerbate the nation’s economic woes. The union urged the government to focus on policies that uplift the standard of living for Nigerians and resist foreign influences detrimental to the nation’s interests.

 

Join Our WhatsApp Channel

Tags: World Bank
SendShare10190Tweet6369Share

Other News Updates

News

Tackle Crude Oil Theft, Warri Group Tells Government

2025/09/19
News

Apex Court Ruling: Council Tasks Ondo Governor On Youth Inclusion

2025/09/19
Business

Glo-powered CNN ‘African Voices’ Features Literary Icon Chimamanda

2025/09/19
News

Ohanaeze Seeks Nnamdi Kanu’s Immediate Release

2025/09/19
News

Voters‘ Ignorance Of Electoral Processes A Major Challenge Ahead Of 2027 – PAACA

2025/09/19
News

Tinubu Policies: APC Group Tackles Primate Ayodele

2025/09/19
Leadership Conference advertisement

LATEST

Tackle Crude Oil Theft, Warri Group Tells Government

Apex Court Ruling: Council Tasks Ondo Governor On Youth Inclusion

Glo-powered CNN ‘African Voices’ Features Literary Icon Chimamanda

Ohanaeze Seeks Nnamdi Kanu’s Immediate Release

Voters‘ Ignorance Of Electoral Processes A Major Challenge Ahead Of 2027 – PAACA

Tinubu Policies: APC Group Tackles Primate Ayodele

Prominent Kano Monarch, Idris Dankabo, Dies At 48

I Assisted In Marrying Off 354 Women In Fagge – Rep Member

2025 Budget: NASS Seeks Withdrawal Of Contract Circulars

Celestial Church Donates Food, Other Items To Orphanage

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.