In a bid to prevent the NLC from going on a National Strike , Nigerian governors are meeting over the hike in petrol and electricity prices.
The emergency meeting will hold an emergency meeting today (Thursday) to attempt to halt the action.
The secretariat of the Nigerian Governors’ Forum in a statement on Wednesday by its spokesperson, Abdulrazaque Bello-Barkindo, said the online meeting will start at 6 p. m.
Mr Bello-Barkindo said the NGF at the meeting would attempt to mediate in the dispute between the federal government and the organised labour over the hikes.
Following the recent adjustment of the retail price of petrol to over N160 per litre and the review of electricity tariff by over 100 per cent, the NLC threatened to call a national protest if the federal government refused to reverse the new prices.
The NLC said a nationwide protest would hold on Monday, September 28.
NLC took its position after a meeting with the federal government on the issue last week ended in a deadlock.
The government justified the new fuel price and electricity tariff, despite the obvious difficulties they would cause the people in the face of a harsh economic situation as a result of the coronavirus pandemic.
The government said the new fuel price was a product of the interplay of market forces under the deregulation policy in the downstream sector of the petroleum industry, following the removal of fuel subsidy from the pricing template by the Petroleum Products Pricing Regulatory Agency (PPPRA).
The government insisted that the deregulation policy and new electricity tariff were inevitable, as it could no longer subsidise fuel price due to dwindling revenues.
