Our earlier report revealed that the meeting between the Federal Government and the labour union ended in deadlock yesterday night, another reports reaching us has it that the labour union actually rejected the N120 per litre proposal put forward by the government.
The Federal Government last week announced the deregulation of downstream oil sector with subsequent subsidy removal and increase in pump price from N86.5 to N145 per litre, of which the organized labour threatens to embark on nationwide strike starting this Wednesday.
A source who pleaded anonymity, confided on Fellow Press that team of Federal Government proposed N120 per litre but the Ayuba Wabba-led labour rejected it, describing it as moral cruelty.
The Presidency says the highest it can cut from the pump price is N25 considering the outcries by Nigeria, the source added.
“That was why the meeting ended in deadlock. FG proposed N120 per litre but the NLC insisted of total reversal to the old price, which is N86 per litre.
“They were not ready to accept the outrageous proposal.
“The outcome of the meeting with the Joe Ajaero-led group would determine the next line of action,” the source who would not want his name mentioned said.
However, efforts to reach the NLC General Secretary, Peter Ozo-Esun for confirmation could not yield any fruit at the time of this report.