Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Nigeria unions begin strike against fuel price hike, rising costs

    Nigeria unions begin strike against fuel price hike, rising costs

    August 2, 2023
    Share
    Facebook Twitter LinkedIn WhatsApp
    NLC commence protest against increasing fuel prices, rising cost of living

    Abuja — A nationwide strike called by Nigeria’s labour unions to protest against the removal of a petrol subsidy and demand a new minimum wage got off to a slow start on Wednesday as most businesses were open, though with reduced traffic in some spots.

    Since being sworn into office on May 29, President Bola Tinubu has embarked on the country’s boldest reforms in decades, scrapping the popular but expensive subsidy, which cost $10 billion last year, and relaxing foreign exchange regime.

    While the reforms have been welcomed by investors, unions say they have led to soaring costs at a time when Nigerians are already grappling with the highest inflation in nearly two decades.

    A few hundred placard-carrying protesters led by union leaders marched in the capital Abuja and in the oil-producing state of Bayelsa, where union officials handed a petition to the state government detailing some of their grievances. Protesters also marched in northern cities of Kano and Kaduna.

    Nigerian Labour Congress (NLC) said ending the fuel subsidy was “hasty with no thought-out plan to cushion the effects on workers and Nigerians.”

    “Every family feels the fang of the harsh policies of government which has resulted in the astronomical increase in transportation, food, goods and services, tuition fees, rising costs of accessing quality healthcare, just to name but a few,” the NLC said in a statement on Wednesday.

    In Lagos, businesses were open, including the branches of supermarket chains Pick n Pay and Shoprite. At a market in the Obalende neighbourhood, vegetable sellers went about their business, haggling with customers over prices.

    The NLC and the Trade Union Congress (TUC), Nigeria’s two main labour federations, represent millions of workers across most sectors of Africa’s biggest economy, including parts of the oil industry.

    The unions have said the strike will last one week, but they may struggle to sustain the protest as tens of millions are employed in largely informal sectors of the economy that have no union representation.

    *Tife Owolabi, MacDonald Dzirutwe & Elisha Bala-Gbogbo, editing: Tomasz Janowski – Reuters

    Related News

    Crude oil exports drive Nigeria’s trade with N13.78tn in Q4 2024

    Tanker drivers, IPMAN suspend loading at Dangote Refinery over dispute

    “We Want Reparations” oil-affected Niger Delta victims demand action

    E-book
    Resilience Exhibition

    Latest News

    AfDB, BII and EBRD support solar and battery storage project in Egypt

    June 16, 2025

    NNPC Ltd, IPPG strengthen ties to boost oil output

    June 16, 2025

    BDEAC secures EUR 100m trade finance facility from Afreximbank

    June 16, 2025

    Crude oil exports drive Nigeria’s trade with N13.78tn in Q4 2024

    June 16, 2025

    PETROAN warns against Dangote Refinery monopoly, predicts massive job losses

    June 16, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.