The Democratic Front (TDF) has faulted the Nigeria Labour Congress (NLC) over claims that President Bola Tinubu betrayed or deceived them on fuel price to arrive at the N70,000 minimum wage.
TDF added that Labour and government mutually negotiated and agreed on the minimum wage.
Malam Danjuma Muhammad, the Chairman of TDF, said this in a statement in Abuja on Thursday.
He said the President could not have been emphatic and decisive on the pump price of fuel in a deregulated market.
He said: “We are disappointed with the often repeated wrong postulations of the Joe Ajaero-led NLC against the government and person of President Tinubu”.
He added that most of what the NLC said could not add up, stressing that the negotiation of the minimum wage was never debated as a condition on how much fuel would be sold.
He said that Tinubu never hid his desire or pretended over his preference to make the ideals and philosophy of a liberal free-market economy the focal point of his economic transformation agenda
“As a matter of fact, he announced an end to the age long petroleum subsidy regime in an unprecedented fashion during his inaugural speech on May 29, 2023.
This, according to him, is to herald commencement of the end of state-controlled economic policies and protectionism in the Nigeria investment ecosystem.
He said, that he believed that Tinubu would not, for whatever reason, give personal guarantee or assurance to anybody or group, on a specific price of fuel in Nigeria.
He added that the President knew that in the absence of government subsidy, such prices were solely determined by the unpredictable dynamics of market forces.
“We, therefore, view the accusations against Tinubu by Ajaero as untrue and a ridiculous attempt to blackmail the President.
” We understandably note that the withdrawal of fuel subsidy by the government has compelled the NNPCL to respond to the dictates of market forces.”
This, according to him, is in order to cope with the logistics of importing refined petroleum into the country.
” The increase in the pump price is to accommodate the landing cost of the product.”
He said that TDF expected fuel price to crash with the expected infusion of locally refined fuel from Dangote Refinery into the Nigerian market.(NAN).
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