- Business News
- Wednesday, 27 March 2013 06:50
- News Agent
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The Nigeria Labour Congress has called on the federal government to forget the unpopular idea or its plans to further mark up the prices of petroleum products.
The NLC said this in a statement applauding the judgment of the Federal High Court on the issue of the deregulation of the downstream sector of the petroleum industry.
This obviously is victory for democracy and the independence of the judiciary, acting president of NLC Promise Adewusi, stated this while reacting to the judgment today.
He said, “we commend the plaintiff, Barrister Bamidele Aturu for his doggedness and the Hon. Justice M. Bello for his courage to stand by the constitution.
He maintained, “however, we sincerely believe that the issues of deregulation go beyond the fixing of the pump prices of petroleum products.
NLC said “the adverse effects of an unconscionable high cost of petroleum products on the citizenry borne out of bad management of the petroleum sector is the crux of the matter.
“This underscores our insistence that the chapter two of the 1999 Constitution (as amended) be made justiceable to promote good governance and protect the welfare and well-being of the Nigerian people.
He concluded that in the light of the above therefore, that they call on the government to forget the unpopular idea or plans to further mark up the prices of petroleum products.