Fuel hike nlc rejects new price threatens industrial action

It seems like you're referring to a news article about the Nigerian Labour Congress (NLC) rejecting a new fuel price and threatening industrial action.

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The Nigerian Labour Congress (NLC) has rejected the new fuel price announced by the Federal Government, threatening to take industrial action if the price is not reversed. The NLC described the new price as "exorbitant" and "unacceptable", saying it would further worsen the economic hardship faced by Nigerians.

The Federal Government had earlier announced a new fuel price of N302 per liter, citing the increase in the price of crude oil in the international market. However, the NLC has rejected the new price, saying it is not sustainable and would lead to further inflation and economic hardship.

The NLC has given the Federal Government a 14-day ultimatum to reverse the new fuel price, failing which it would embark on industrial action. The union has also called on the government to take immediate steps to address the economic challenges facing the country, including the high cost of living and the lack of infrastructure.

The NLC's rejection of the new fuel price is likely to have far-reaching implications for the country's economy, as it could lead to a shutdown of industries and a disruption of essential services. The government has been under pressure to reduce the cost of living and improve the economy, and the NLC's threat of industrial action is likely to add to the pressure.

It's worth noting that the NLC's rejection of the new fuel price is not the first time the union has taken a stand against the government's economic policies. The NLC has been a vocal critic of the government's handling of the economy, and has called for greater transparency and accountability in the management of public funds.

Overall, the NLC's rejection of the new fuel price and threat of industrial action is likely to be a major challenge for the government, and could have significant implications for the country's economy and society.