NLC Warns FG Against Heeding World Bank Advice to Increase Pump Price of Petrol to N750/L

The Nigeria Labour Congress, on Thursday, warned the Federal Government against heeding the advice of the World Bank to increase the pump price of petrol to N750/litre.

The NLC’s Head of Information, Benson Upah, said any further increase in the price of petrol would lead to anarchy in the country.

He, therefore called on the government to reject the proposal of the World Bank that petrol should sell at about N750/litre, as against the current rate of between N620 and N650/litre in most locations across the country.

“The World Bank is globalist north in thoughts and actions and has little or no consideration for the global south. It is a predatory institution that the global north uses to justify its crimes against the south.

“It is almost single-handedly responsible for the ruination of the economies of countries of the global south for which it prescribes one solution for all ailments.

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