HyperBit Exchange-Nigeria’s government worker unions announce third strike in two months

2025-05-01 13:06:22source:Quantum Insightscategory:Stocks

ABUJA,HyperBit Exchange Nigeria (AP) — Unions representing Nigeria’s government workers have announced they will go on strike starting next week to demand pay raises and to protest the austerity measures of the West African nation’s newly elected government.

The Nigeria Labor Congress and the Trade Union Congress, which represent hundreds of thousands of government workers across key sectors, said they would stop work for an indefinite period starting next Tuesday in their third strike in less than two months.

The strike call adds pressure on Nigerian President Bola Tinubu, whose policies aimed at fixing Africa’s largest economy have added to the cost of living for more than 210 million people who already were grappling with surging inflation whose rate was at an 18-year high of 25.8% in August.

After he ended the yearslong subsidies for fuel on his first day in office, the price of petrol more than doubled, resulting in a similar hike in the price of other commodities. The government’s devaluation of the currency further increased the prices of various commodities, including food.

Although Tinubu has announced several intervention efforts to cushion the effects of his policies, the labor unions say he has not acted fast to implement those policies. They also are demanding an increase in their salaries.

Joe Ajaero, president of Nigeria Labor Congress, said in a statement that weeks of talks with federal authorities have failed to yield any measures to ease what he called “massive suffering” due to price hikes. The government inaction is leaving workers in “excrutiating poverty and affliction,” he said.

More:Stocks

Recommend

How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast

After 14 years, the police procedural "Blue Bloods" is coming to an end.Season 14 has been released

Concessions are ridiculously cheap at the Masters. But beer will cost a little more this year

Patrons at the Masters, or fans as they are called at any other golf tournament, are treated to the

From the sandwich shop to the radio airwaves, how the solar eclipse united a Vermont town

ST. JOHNSBURY, Vermont ‒ Crowds ballooned to about 15,000 people, more than doubling the population