The Nigeria Labour Congres (NLC) has embarked on a two-day warning strike in protest against the Federal Government’s failure to address the challenges caused by the removal of fuel subsidies.
This comes days after the declaration by the NLC President, Joe Ajaero, last Friday.
The labour union is accusing the Federal Government of abandoning the negotiations and failing to implement some of the resolutions from previous meetings with the government.
President Bola Tinubu announced in his inaugural speech on May 29 that “fuel subsidy is gone“, which has since led to fuel prices as much as tripling nationwide and a rising cost of living.
On August 2, organised labour protested what it described as the anti-people policies of the administration of President Bola Tinubu.
This move has garnered widespread support from key stakeholders, including the banking sector, civil society organisations, and workers’ unions, as they unite to address the growing economic crisis in the country.
The National Union of Banks, Insurance and Financial Institutions Employees, the umbrella organisation representing workers in the banking and insurance industry, on Monday vowed to take part in the strike, effectively shutting down financial activities across Nigeria.