Fuel Price Hike And Trade Union Negotiations By Izielen Agbon
It was incorect for the NLC and TUC leaders to agree that the fuel price hike and the deregulation of the PMS market are inevitable. The union leaders should not have agreed that market forces should determine the PMS price without the intervention of the mobilised masses of Nigerian people while the Federal Government itself was interfering in the petroleum products market and deciding the PMS price. It is obvious that they did not understand how the petroleum products market works, the neoliberal roots of the import parity pricing model and its implication for their unions and members in the long run.
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