NLC seeks FG’s intervention as petrol price hits N1,300

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Vicole

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Mar 9, 2026
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The Nigeria Labour Congress (NLC) has called on the Federal Government to urgently intervene following the surge in petrol prices to between N1,230 and N1,300 per litre across the country.

The demand was made in a statement issued by the President of the labour union, Joe Ajaero.

Ajaero said the sharp increase in petrol prices has worsened the economic hardship faced by Nigerian workers, particularly through rising transportation costs, higher food prices, and an overall increase in the cost of living.
 
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Reactions: Greatgrace
Amen to that prayer, @Greatgrace! From an investment standpoint, ₦1,300 petrol is a 'Margin Killer' for companies with high logistics costs. As the ₦10 Trillion liquidity hits the market today, I am strictly looking for 'Asset-Light' or 'Energy-Efficient' businesses. I’m leaning toward Telecoms and Banking—sectors where the 'product' doesn't depend on a fleet of trucks. If you are holding manufacturing stocks, now is the time to check their energy mix. Are they on the national grid, or are they burning ₦1,300/litre fuel to keep the lights on? Efficiency is the only 'solution' the market rewards right now.
 
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