The Nigerian Labour Congress recently asked that the Government reverts back to the previous pump price of petrol of N65 per liter from its present rate of N97 per liter. The statement was made in response to recent reports in the media that stated that the President is rethinking the Subsidy Reinvestment and Empowerment programme.

Read our post about it here: Nigeria’s SURE program no longer realistic says President Jonathan

The President’s justification for rethinking the SURE program was that the program was made with the expectation that the downstream sector of the oil industry will be 100 per cent deregulated. As this was no longer the case, the program needed to be redrafted.

http://www.cp-africa.com/2012/02/22/nlc-asks-government-to-revert-to-n65liter-queries-jonathan-on-failed-promises/