The All Progressives Congress (APC) says the partial deregulation of the petroleum downstream sector remains the best option to resolve the problems in the sector.
The leadership of the APC made this known on Thursday while addressing members of the party in Abuja, Nigeria’s capital.
The APC National Chairman, John Oyegun, explained that the discussion was organised to make Nigerians at the grassroots understand the new policy and its implications on the economy.
The Minister of Information, Mr Lai Mohammed, said the increase in fuel price became imperative as the huge amount spent on fuel subsidy was no longer sustainable.
Lending his voice in support of the deregulation, the Minister of Labour, Senator Chris Ngige, decried the reaction of the Nigeria Labour Congress (NLC), saying that they were not ready for dialogue.
The meeting followed the introduction of a new price band for Premium Motor Spirit (PMS) also referred to as petrol by the Federal Government, pegging the highest price at 145 Naira per litre.
The NLC swiftly resisted the government’s decision, saying “it represents the height of insensitivity and impunity”.
The labour union, under the leadership of the NLC President, Ayuba Waba,commenced a nationwide strike on Wednesday which was supported by some workers across Nigeria.
Despite the Federal Government’s ‘no work no pay‘ warning to its workers, the civil servants have vowed to continue with the industrial action which has entered day two.