News Echo

  • +23481-2435-0783
  • news@newsecho.com.ng
Search
Close
  • Home
  • News
  • Crime
  • Sports
  • City Reports
  • Business
  • Politics
  • e-Edition 2023
Menu
  • Home
  • News
  • Crime
  • Sports
  • City Reports
  • Business
  • Politics
  • e-Edition 2023
NewsInsider
  • Home
  • News
  • Crime
  • Sports
  • City Reports
  • Business
  • Politics
  • e-Edition 2023
Menu
  • Home
  • News
  • Crime
  • Sports
  • City Reports
  • Business
  • Politics
  • e-Edition 2023
NewsInsider
Home Economy

Labour urges FG not to hike petrol, electricity price

News Echo by News Echo
August 31, 2021
in Economy
Reading Time: 2 mins read
0
Labour urges FG not to hike petrol, electricity price
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter

The organised labour has appealed to the Federal Government against any plan to increase the price of electricity or petrol to avert crisis in the economy.
The President, National Union of Chemical, Footwear Rubber Leather and Non-Metallic Product Employees (NUCFRLANMPE), Babatunde Olatunji made the appeal at 29th Annual Industrial Relations seminar of the union in Ibadan on Monday. The theme of the five-day seminar is ‘‘Socio-economic crises and COVID-19 pandemic: Issues, challenges and way forward”.

According to Olatunji, any plan to increase electricity or petrol will be a wrong step and the organised labour will do everything within its capacity to resist it.
He said that currently, power supply in Nigeria stood at 4,000 megawatts for about 200 million population compared to South Africa with 58,000 megawatts which has 50 million population.

”Industrialization cannot take place in the absence of power. Inadequate infrastructure like bad road network is also a challenge. From the source of raw material to the market areas is dilapidated, the roads network are no longer motorable,” he said.

The NUCFRLANMPE president said that governments at different levels needed to make the manufacturing sector to thrive by giving attention to factor that promoted industrialization.

”Government should ensure adequate power, security of lives and properties as well as regulate multiple taxation and charges to allow manufacturing companies survive, thus promote Gross Domestic Products in the country,” he said.

The labour leader further said that the effect of socio-economic crises and COVID-19 pandemic on industrial relations was evident in the high number of job losses arising from redundancy and factory closures.

Meanwhile, the Secretary, Chemical and Non-Metallic Product s Employers Federation (CANMPEF), Femi Oke, advised the government to prioritise the sale of foreign exchange for manufacturers to boost production.

Oke advised the government to curtail inflation rate, stop multiplicity of levies, prioritize infrastructure and improve security for development of the nation. He also called for collaboration and communication between employers and employees to ensure the survival of the organization.

News Echo

News Echo

default-logo

We’re Impartial And Independent, And Every Day We Create Distinctive, World-Class News Content Which Inform, Educate And Entertain Millions Of People In Nigeria And Around The World.We Care About Quality Content. We Never Wanted To Be A Big Publishing House: Our Team Is Small, But It’s A Truly Wonderful Team Of People Who Really Care About What They Do. Passionate And Dedicated. Honest And Respectful. Professional But Informal.

Facebook Twitter Instagram
Menu
  • Home
  • News
  • Crime
  • Sports
  • City Reports
  • Business
  • Politics
  • e-Edition 2023

Related Posts

Sen Emma Anosike Emerge as Anambra State APC Chairman

Sen Emma Anosike Emerge as Anambra State APC Chairman

March 6, 2026
Anambra Govt only changed name not ban AVG- Special Adviser on Sucurity – Emeakayi

Anambra Govt only changed name not ban AVG- Special Adviser on Sucurity – Emeakayi

March 6, 2026

Anambra Wins Global Google Maps Award

March 2, 2026
newinsider frontpage
NEWSINSIDER MAGAZINE

Copyright @2023 – NewsEcho All Right Reserved.

  • About
  • Advertise
  • Privacy & Policy
  • Contact