Financial expert and the Chief Executive Officer of SD & D Capital Management, Gbolade Idakolo, has urged the Nigerian government to prioritize negotiations with the striking Nigeria Labour Congress, and Trade Union Congress over minimum wage to avert the total collapse of the country's economy.
Financial expert and the Chief Executive Officer of SD & D Capital Management, Gbolade Idakolo , has urged the Nigerian government to prioritize negotiations with the striking Nigeria Labour Congress, and Trade Union Congress over minimum wage to avert the total collapse of the country's economy. Idakolo disclosed this in an interview with
on Tuesday, while reacting to the ongoing strike action by organized labor which crippled critical sectors of the economy. reports the striking workers shut Nigerian airports, the National grid, public offices, banks, ports, oil and gas supply chain over the Government's failure to implement minimum wage and the reversal of the April 3 electricity tariff reversal. Idakolo the development has further worsened Nigeria's fragile economy already grappling with rising inflation, fòreign exchange challenges, unemployment and the energy crisis.
. Meanwhile, after a meeting between leaders of organized labor and Secretary to Government of the Federation, George Akume on Monday night, both parties signed a resolution. While the government has vowed to pay a minimum wage higher than N60,000, organized a scheduled meeting for Tuesday to discuss on government's commitment and whether to suspend the ongoing strike.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reverse privatisation of power sector – NLC, TUC tell Nigerian GovtThe Nigeria Labour Congress,NLC, and the Trade Union Congress, TUC, have labelled the privatisation of the power sector a failure and demanded for its immediate reversal.
Read more »
Electricity tariff hike: Nigerian govt ignores TUC, NLC’s call for reversalThe Nigerian government has said there is no going back on the recent electricity tariff hike despite the two-week request issued by the Trade Union Congress calling for the hike reversal. Florence Eke, the spokesperson for the Ministry of Power, disclosed this in a statement on Sunday while reacting to organized Labour's ultimatum.
Read more »
FG reveals next step if NLC, TUC insist on nationwide strikeA Trusted Nigerian Newspaper
Read more »
Minimum wage: NLC, TUC to suspend strike after grounding economy24 hours after workers crippled Nigeria's economy, leaders of the Nigeria Labour Congress and Trade Union Congress have reached a deal with the Federal Government to suspend the ongoing indefinite strike.
Read more »
Hajj operators urge NLC, TUC to postpone strikeThe Association of Hajj and Umrah Operators of Nigeria (AHUON) has called on the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC)
Read more »
Strike: FG offers ‘above’ N60,000 minimum wage as NLC/TUC revert to organsThe Federal Government has said it is ready to pay higher than N60,000 as minimum wage, urging organized labour to take the offer.
Read more »