NLC Demands Petrol Price Cut to N668 Amid Inflation Crisis
On October 7, 2026, the Nigeria Labour Congress (NLC), led by President Comrade Joe Ajaero, convened at Labour House in Abuja, issuing a two-week ultimatum to the federal government. The NLC demands a reduction in petrol prices to N668.30 per litre, the price at which the N70,000 minimum wage was established in July 2024.
The NLC's communiqué expressed alarm over the worsening living conditions for Nigerian workers, citing soaring inflation, a devalued Naira, and diminished wage purchasing power. The NLC's resolution includes demands for the government to renegotiate a new national minimum wage, implement terms of settlement with the Joint Health Workers Union, and address the Joint Public Sector Negotiating Council's demands.
The Trade Union Congress (TUC) has suggested that fixing the Naira's exchange rate to N800 to one Dollar would naturally lower petrol prices to N600. The NLC argues that restoring petrol prices to N668.30 is essential to uphold the original wage agreement.
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