Categories: Economy

Nationwide Strike Looms as Nigeria Labour Congress Stands Firm Against Subsidy Removal Hardships

The Nigeria Labour Congress (NLC) has announced plans to embark on a nationwide strike on August 2, 2023, Investors King has learned.

Despite a court order barring the congress from striking in June, the NLC is determined to take action, citing the dire circumstances experienced by the populace.

The controversy surrounding the subsidy removal on Premium Motor Spirit (PMS), popularly known as petrol, led to a legal battle initiated by the Tinubu administration earlier in June to prevent a nationwide strike.

However, the NLC has voiced its concerns over the lack of substantial engagement from the government-appointed committee, which was meant to facilitate dialogue between the organized labour and the government.

Hakeem Ambali, the national treasurer of the NLC, said, “We issued a seven-day ultimatum to the Federal Government to conclude all negotiations with labour or face industrial action yesterday by the Central Working Committee.”

While the NLC’s national president, Joe Ajaero, has yet to release an official statement on the matter or respond to media inquiries, another national official assured that the public would be updated shortly on the NLC’s plans moving forward.

As the clock ticks closer to August 2, 2023, the nation braces itself for potential widespread disruptions if the government fails to meet the NLC’s demands. The outcome of this stand-off will undoubtedly have far-reaching implications for the country and its citizens.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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