Nigeria, June 3 -- The Nigeria Labour Congress (NLC) on Friday said it would embark on a nationwide protest from next Wednesday if the Nigerian National Petroleum Company Limited (NNCPL) refuses to reverse the new price regime in the oil sector.

The NLC president, Joe Ajaero, disclosed this while addressing journalists on the resolutions of its National Executive Council meeting held in Abuja on Friday.

President Bola Tinubu, on Monday, in his inaugural address at Eagle Square, Abuja, declared that there would no longer be a petroleum subsidy regime as it was not sustainable.

"We commend the decision of the outgoing administration in phasing out the petrol subsidy regime, which has increasingly favoured the rich more than the poor. Sub...