Current:Home > ScamsA government shutdown in Nigeria has been averted after unions suspended a labor strike -FinTechWorld
A government shutdown in Nigeria has been averted after unions suspended a labor strike
View
Date:2025-04-17 12:46:05
ABUJA, Nigeria (AP) — Nigerian government workers on Tuesday continued working after last-minute efforts by authorities averted a nationwide strike to protest growing hardship that could have shut down government services in Africa’s most populous country.
The indefinite strike by Nigerian labor unions scheduled to start Tuesday is being suspended for 30 days, while meetings and talks with the government will be held over the coming days, said Joe Ajaero, president of the Nigeria Labour Congress, or NLC, which is the umbrella body of the unions.
A joint statement issued late Monday by senior government officials and the leadership of the labor unions noted several resolutions including a monthly wage increase of 35,000 naira ($46) for all workers, payment of 25,000 naira ($33) for three months to 15 million vulnerable households as well as the provision of 100 billion naira (nearly $130 million) for gas-powered buses to be rolled out for mass transit in Nigeria starting from November.
In office since May 29, President Bola Tinubu’s policies aimed at fixing Nigeria’s ailing economy and attracting investors have more than doubled the cost of living for more than 210 million people who already were grappling with surging inflation. It hit an 18-year high of 25.8% in August.
The end to decadeslong expensive subsidies for gas and the government’s devaluation of the currency more than doubled the price of gasoline and other commodities. Talks with the labor unions have stalled and a slow start to several intervention efforts resulted in last week’s announcement of the strike.
Though lauded by some analysts, the policies of the new government have been criticized by many because of their poor implementation.
One major source of concern has been intervention efforts, which the labor unions said have been slow. Many of their workers now trek to work, because they are unable to afford high transport costs while many businesses have shut down under the weight of surging operational costs.
“The policies are meant to correct the distortions and misgovernance of the past for a nation that was already on the brink,” said Muda Yusuf, a former director-general of the Lagos Chamber of Commerce and Industry who now leads the Centre for the Promotion of Private Enterprise.
“The response has not been as fast as it should be,” he said. “But the adverse outcomes of the measures, the hardship, were much higher than what many of us expected.”
veryGood! (181)
Related
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Despite GOP Gains in Virginia, the State’s Landmark Clean Energy Law Will Be Hard to Derail
- ESPN announces layoffs as part of Disney's moves to cut costs
- This company adopted AI. Here's what happened to its human workers
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Blast Off With These Secrets About Apollo 13
- What's Your Worth?
- Despite mass layoffs, there are still lots of jobs out there. Here's where
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Bethany Hamilton Welcomes Baby No. 4, Her First Daughter
Ranking
- South Korean president's party divided over defiant martial law speech
- Gymshark's Huge Summer Sale Is Here: Score 60% Off Cult Fave Workout Essentials
- Ahead of COP27, New Climate Reports are Warning Shots to a World Off Course
- Inside Clean Energy: Here Are 5 States that Took Leaps on Clean Energy Policy in 2021
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Writers Guild of America goes on strike
- How Princess Diana's Fashion Has Stood the Test of Time
- Tory Burch 4th of July Deals: Save 70% On Bags, Shoes, Jewelry, and More
Recommendation
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Inside Chrissy Teigen and John Legend's Love Story: In-N-Out Burgers and Super Sexy Photos
Why Bachelor Nation's Tayshia Adams Has Become More Private Since Her Split With Zac Clark
The U.S. could run out of cash to pay its bills by June 1, Yellen warns Congress
DoorDash steps up driver ID checks after traffic safety complaints
Hailey Bieber Responds to Criticism She's Not Enough of a Nepo Baby
SpaceX wants this supersized rocket to fly. But will investors send it to the Moon?
With Biden in Europe Promising to Expedite U.S. LNG Exports, Environmentalists on the Gulf Coast Say, Not So Fast