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Monday, June 17, 2024

Nigeria’s Labor Unions Quickly Droop Strike Amid Negotiations

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Nigeria’s important labor unions, the Nigerian Labour Congress (NLC) and the Commerce Union Congress (TUC), have suspended their indefinite strike for one week to proceed negotiations with the federal government over a brand new minimal wage. The strike, which started on Monday and continued into Tuesday, had shut down the nationwide grid and disrupted flights, protesting the federal government’s failure to agree on a brand new wage amid rising inflation and a worsening value of dwelling disaster. After late-night talks on Monday, the federal government expressed openness to a better minimal wage than the initially proposed $41.38 (N60,000), however no new quantity has been introduced. TUC president Festus Osifo acknowledged that the unions have given the federal government a one-week grace interval to suggest an agreeable minimal wage. The strike motion follows President Bola Tinubu’s determination to scrap a petroleum subsidy, which had saved petrol costs low, in a bid to scale back authorities expenditure.



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