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

NGX

NGX Rebounds With N683bn Gain As Market Cap Settles At N122.23trn

The Nigerian Exchange (NGX) recovered from the slump recorded on Tuesday, February 17, with a N683.62 billion gain as the market capitalisation closed at N122.23 trillion on Wednesday, February 18. During trading the previous day, the NGX’s market capitalisation closed at N121.55

Kano Shuts Entertainment Centres for Ramadan

The Kano State Government has ordered the closure of all entertainment centres across the state ahead of the Muslim holy month of Ramadan. The directive, announced on Tuesday by the Kano State Censorship Board, affects venues popularly known as gala houses as well as
Nigeria Now Leading Cement Exporter In Africa – Dangote

Why Tinubu’s Policies Can Crash Dollar Rate – Dangote

The Chairman of the Dangote Group, Aliko Dangote, has said that current government policies could significantly strengthen the naira against the US dollar, potentially bringing the exchange rate down to as low as ₦1,100 to $1. Dangote made the remarks on Tuesday
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

Year 2025 Is Dedicated To Completing Execution Of Solution Agenda In Anambra - Soludo

Year 2025 Dedicated To Completing Execution Of Solution Agenda In Anambra – Soludo

Anambra State Governor, Prof. Chukwuma Soludo, has declared that year

BREAKING: Another Building Collapses In Lagos

A building located on Sonuga Street, Palm Avenue in Mushin