NLC’ll disown Peter Obi if he adopts IMF, World Bank policies — Ajaero

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NLC President Warns Labour Party’s Presidential Candidate Against IMF, World Bank Policies

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During an interview with Channels Television, NLC President Joe Ajaero emphasized the need for alignment between the Labour Party’s presidential candidate, Peter Obi, and the ideologies of the Nigeria Labour Congress (NLC). Ajaero warned that the NLC would disown any candidate who adopts policies advocated by the IMF and the World Bank if elected as Nigeria’s President.

Ajaero criticized the fixation on the removal of petrol and electricity subsidies, stating that the NLC would strongly oppose any Labour Party president who implements IMF-backed policies. He stressed the importance of separating the interests of the Labour Party from those of the NLC and reaffirmed the union’s commitment to its core ideologies.

Regarding recent electricity tariff hikes and inflation, Ajaero called for the immediate reversal of the Nigerian Electricity Regulatory Commission’s (NERC) decision. He argued that tariff increases contribute to inflation, leading to a cycle of price hikes and further tariff adjustments. Ajaero condemned NERC’s approach and insisted on reversing the tariff hike before engaging in negotiations with labour unions and stakeholders.

The NLC and TUC had protested against the tariff increase, demanding a rollback to previous rates. Ajaero criticized NERC’s intermittent tariff reduction measures, emphasizing the need for meaningful dialogue and a sustainable resolution to the electricity tariff issue.


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