Yesterday (Sunday), the Federal Government after having a meeting with the state governors and the National Assembly representatives, have decided to reduce the price of petrol from N141 to N97 (practically N100).
This decision follows the governments concern over the ongoing Nationwide strike that has crippled the nation’s economy for several days now. And the fear that the strike action has now been “hijacked” by interest groups with ulterior motives, the President said during a live broadcast this morning.
But even though the government has reduced the pump price, the Nigeria Labour Congress has still decided to resume their Nationwide strike, after their Saturday and Sunday “rest action”. They feel the N97 price tag is still not a reasonable fix.
However, the President has placed soldiers and police personnels at protest venues to control the protesters.