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As Nigeria observes International Workers’ Day, the Nigerian Labour Congress and the Trade Union Congress have expressed grave concerns over the deteriorating quality of life under President Bola Ahmed Tinubu’s administration.
According to Upah, these policies have led to significant decreases in the value of the Naira, soaring inflation rates, and mounting economic pressures on ordinary citizens. “Inflation at the moment is 33.2 per cent, and food inflation is a minimum of 40 per cent. The devaluation of the Naira. After these policy announcements. The value of the Naira decreased by about 200 per cent, and after a while, Nigerians started hoping that the Naira would regain its strength and stability. There were other storms.”
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