NLC President, Joe Ajaero

The Nigeria Labour Congress (NLC) has threatened to embark on another strike if the pump price of petrol increases from the existing N617 naira.

Recall that oil marketers had indicated that the cost of Premium Motor Spirit, popularly called petrol, would rise to between N680/litre and N720/litre in the coming weeks should the dollar continue to trade from N910 to N950 at the parallel market.

The marketers added that the Central Bank of Nigeria (CBN) Importers and Exporters’ official window for foreign exchange had remained illiquid and unable to provide the $25m to $30m required for the importation of PMS by dealers.

They also hinted that its members seeking to import petrol were being forced to put the plans on hold due to the scarcity of foreign exchange to import the commodity.

Speaking at the African Trade Union Alliance meeting in Abuja on Monday, the NLC President, Joe Ajaero said the union will proceed on total, comprehensive and indefinite nationwide shutdown of the country.

Ajaero also warned the federal government against undermining the demands of the union and the plan to provide palliatives to Nigerians and workers.