NLC, TUC To Proceed With Nationwide Strike, Tackle Tinubu

August 1, 2023
NLC To Embark On Warning Strike On Tuesday

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have disclosed that they will proceed with their planned nationwide strike.

Despite the pleas from the Federal Government and President Bola Tinubu’s reassurance that his administration is working to ensure the hardship is temporary. 

Join our WhatsApp Channel

NLC and the TUC on Monday said the strike will begin on Wednesday, as the unions are doubtful of President Tinubu’s ability to curtail the fallout from his policies. 

The unions believe Tinubu is unable to curb the soaring inflation and his plan to intervene in the foreign exchange market will not tame the rising dollar rate, which was driven by the naira devaluation. 

The workers will take to the street for a peaceful protest according to the president of the NLC, Joe Ajaero, who assured that the protest will not be hijacked. 

This was revealed by Ajaero following a meeting held on Monday, which saw the chief of staff to the president, Femi Gbajabiamila and the group chief executive officer of Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, in attendance. The meeting was adjourned to Tuesday. 

Meanwhile, note that President Tinubu revealed that N1 billion has been saved since his administration stopped subsidising Premium Motor Spirit (PMS). 

Tinubu, in a nationwide broadcast on Monday, said FG has been reaping the gains of the decision to end subsidy on PMS, also known as fuel. 

He said the N1 trillion saved would have been spent on fuel subsidy which smugglers and fraudsters would have benefited from. 

“In a little over two months, we have saved over a trillion Naira that would have been squandered on the unproductive fuel subsidy which only benefitted smugglers and fraudsters,” Tinubu said. 

The president told Nigerians to bear with the hardship caused by the removal of fuel subsidy, stating that it is temporary pain. 

According to Tinubu, the long-term gain will be worth the current hardship Nigerians are going through since his administration began at the beginning of June. 

“look beyond the present temporary pains and aim at the larger picture,” Tinubu said, further stating: “I plead with you to please have faith in our ability to deliver and in our concern for your well-being. 

“All of our good and helpful plans are in the works. More importantly, I know that they will work,” he assured. 

Featured Stories

Latest from Business

Strong Topline, FX Gain Help Neimeth Return To Profitability

Strong Topline, FX Gain Help Neimeth Return To Profitability

Neimeth International Pharmaceuticals Plc recovered from a 2024 pretax loss following a strong topline growth and return to foreign exchange (FX) gain, which shielded the drugmaker from rising expenses. The pharmaceutical company’s revenue grew by 64.28 percent to N7.36 billion in 2025,
NGX

NGX Market Cap Rises To N125.96trn — Up By N804.56bn

The market capitalisation of the Nigerian Exchange (NGX) increased by N804.56 billion to N125.96 trillion on Monday, February 23, from the N125.16 trillion recorded on Friday, February 20. The all-share index (ASI) expanded by 1,273.78 basis points, from 194,989.77 ASI to 196,263.55
Ellah Lakes Failing Where Presco, Okomu Oil Succeeded

Ellah Lakes Failing Where Presco, Okomu Oil Succeeded

In 2025, Ellah Lakes failed where its market rivals, Presco Plc and Okomu Oil Palm Plc, succeeded, leading to a decline in confidence of Nigerian Exchange (NGX) investors in the company’s growth prospects. Ellah Lakes had recorded a 642.72 percent increase in
Previous Story

Football Transfer News: Al Hilal Makes £120m Bid For Super Eagles Star Osimhen

Uganda Magistrate Arrested For Disguising As Woman To Write Law Exams For His Girlfriend
Next Story

Uganda Magistrate Arrested For Disguising As Woman To Write Law Exams For His Girlfriend

Don't Miss

FG Establishes National Blood Service Commission

FEDERAL Government has established National Blood Service Commission (NBSC) to
Tinubu's Campaign In Trouble Hours To Kick-off; APC Chairman, NWC, Governors Oppose Candidate's List

Tinubu Returns To Lagos After Three Weeks In London

Bola Ahmed Tinubu, who left the country on January 28,