The Trade Union Congress of Nigeria (TUC) has issued a stark warning that the recent spike in the pump price of Premium Motor Spirit (PMS) is poised to deepen the already dire poverty levels for workers across the nation.
Festus Osifo, the president of TUC, stated this in a statement on Wednesday in Abuja.
“News of the PMS price hike struck us with an overwhelming sense of dismay and profound concern,” Mr. Osifo declared.
He emphasized that the ramifications of this increase are colossal, rippling through every facet of our socio-economic fabric. “This arbitrary hike, thrust upon us without any consultation with key stakeholders, is a brazen affront to the welfare of the Nigerian populace—especially the working class who suffer the most from such draconian measures.”
The unsettling announcement of elevated PMS prices nationwide has unleashed a tidal wave of anxiety and despair, echoing through every corner of the country. “This comes on the heels of an unprecedented wave of hardship already gripping our citizens,” he lamented.
Mr. Osifo expressed deep concern over the 250 percent surge in electricity tariffs, which he emphasized is essential for the survival of the poorest among us. He criticized the timing and scale of these increases.
“Why must it be the everyday Nigerians who shoulder the unbearable burden of escalating living costs while those in power revel in increased allocations and luxury?” he questioned.
He reminded that the Congress had long articulated robust strategies aimed at bolstering the Naira and providing true value for every kobo spent by Nigerians. Mr. Osifo pointed to the fragile Naira as a core contributor to the nation’s economic crisis.
Mr. Osifo insisted that the sudden surge in fuel and electricity prices will only worsen these trials, paving the way for further suffering and potential social upheaval.
“We call upon the government to urgently reverse these decisions, implement policies that will stabilize the Naira, and take decisive action to alleviate the pain endured by Nigerians,” he urged.
“The government must act swiftly to rebuild confidence and stem the further decline of living conditions for its citizens.”
