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AfricaNews360 > News > Nigerian Labour Congress stages nationwide protests over economic crisis
NewsTop Stories

Nigerian Labour Congress stages nationwide protests over economic crisis

As country's inflation rate increased to 28.92 percent in December 2023, with the International Monetary Fund (IMF) projecting it could rise to 44 percent.

Posted Malik muhammed February 27, 2024 2 Min Read
Updated 2024/02/27 at 11:24 AM
NLC members mobilized for the demonstration at the Head Quarters in Abuja
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The Nigerian Labour Congress (NLC) commenced a two-day nationwide protest on Tuesday over the dire economic conditions facing Nigerians.

Large crowds of union members mobilized for demonstrations across major cities. In Kano, protesters gathered at Race Course, while in Lagos workers assembled to hear remarks from state NLC chairman Funmi Sessi before marching to the state assembly.

ABUJA !!!!!! We are ready💪💪#Endhardshipnow!#EndHungerNow! pic.twitter.com/oP70rjxgMg

— Nigeria Labour Congress HQ (@NLCHeadquarters) February 27, 2024

Heavy security deployments were seen in Lagos and other locations. Police, civil defense, and traffic authorities were on standby as the Lagos rally kicked off.

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In Port Harcourt, NLC President Joe Ajaero addressed workers at the Labour House, stating the protests aimed to convey people’s grievances to the government.

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A major march was also planned in Abuja, terminating at the National Assembly complex.

ABUJA !!!!!! We are ready#Endhardshipnow!#EndHungerNow! pic.twitter.com/mIg8lTOBUA

— Nigeria Labour Congress HQ (@NLCHeadquarters) February 27, 2024

Drivers of Economic Hardship

The protests respond to skyrocketing inflation now at 28.92%, with IMF projections of 44% this year.

A confluence of factors is behind the economic turmoil, including:

  • Worsening insecurity limiting farming and food supply
  • Removal of fuel subsidies increasing transport costs
  • Naira devaluation from the scrapping of exchange rate cap, sparking imported goods price hikes
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This ‘triple threat’ has led to doubling or tripling of costs for everyday supplies within months.

With many already pushed into poverty, pockets of unrest have erupted nationwide. The NLC called the two-day strike to underscore nationwide frustration over the economic crisis.

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TAGGED: Abuja, Ahmed Bola Tinubu, economic crisis, Nigerian Labour Congress
SOURCES: Africanews360.com
Malik muhammed February 27, 2024
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