The Nigeria Labour Congress (NLC) has vehemently criticized the World Bank, branding it an "enemy of the Nigerian nation," following the institution's call for the Federal Government to end petrol subsidies and increase prices to N750 per litre.
NLC President Ajaero condemned the World Bank's lead economist for Nigeria, Alex Sienaert, for supporting the recommendation.
The NLC rejects the proposed petrol price hike and urges the government to resist foreign influence, focusing on domestic resources to uplift citizens' living standards.
The union emphasizes the negative impact of previous World Bank-backed policies, urging the government to prioritize corruption reduction, governance cost-cutting, and refinery revival over the proposed fuel price increase.
The NLC warns against the potential economic consequences of such a move, cautioning the World Bank to respect Nigeria's autonomy in shaping beneficial economic policies
