Following the development, labour leaders threatened to embark on nationwide strike if the price was not reversed within 96 hours.
A competent insider hinted DAILY POST that the federal government during the meeting with the Ayuba Wabba-led NLC proposed N120 per litre but labour rejected, describing it as outrageous.
According to him, the presidency said the best they could do was to reduce the pump price by N25, in consideration of the outcries by Nigerians.
“That was why the meeting ended in deadlock. FG proposed N120 per litre but the NLC insisted on total reversal to the old price, which is N86 per litre.
“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.
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