Nigeria Faces Labour Unrest Amid Soaring Prices
Nigeria's labour unions have appealed to President Bola Tinubu for a new minimum wage to combat rising prices and a weakening currency. A suspended strike may resume if no agreement is reached. The government offers 62,000 naira monthly, while unions demand 250,000 naira.
Nigeria's labour unions have issued a stern warning to President Bola Tinubu over soaring prices and a weakening currency, urging for a new minimum wage to mitigate what they describe as the worst cost of living crisis in generations.
Labour unions previously suspended a strike in early June to allow for negotiations on the new minimum wage. However, if an agreement is not reached, unions may resume strike action.
Government leaders are wary of Kenya's recent deadly riots over tax hikes and aim to balance satisfying workers and managing economic challenges. Currently, the government proposes a monthly wage of 62,000 naira ($40), while unions demand 250,000 naira ($160).
ALSO READ
-
Nigeria Launches $5 Billion AgriConnect Plan to Back Farmers and Create 2.5m Jobs
-
AfDB and Nigeria Strengthen Corruption Safeguards to Protect Development Projects
-
Crackdown on Ansaru: Trial of Key Suspects Begins
-
Nigerian Fintech Overload: The Rush for Dangote Refinery Shares
-
Nigeria's Bold Move for State Police Forces
Google News