The two-day strike declared by workers on June 3 and 4, 2024, was clearly avoidable and the losses recorded across sectors uncalled for
, if only the Federal Government and the Labour had taken steps to put the interest of the country above self consideration.
Talks between the government and Labour on ways to cushion the adverse effects of fuel subsidy removal began after President Bola Tinubu announced on May 29, 2023, that the subsidy was gone. Since then, the price of Premium Motor Spirit has moved from N195 to over N500 per litre. It currently sells above N600 in some coastal states, and far more in the hinterland. Any marginal increase in fuel pump price has a ripple effect on prices of goods and services.
Government and Labour had agreed that a new minimum living wage will be worked out. The last minimum wage that was signed into law in 2019 expired on April 30, 2024. It became a matter of when a new wage will replace the old minimum wage of N30,000. We think that Labour went too far to switch off the national grid, which plunged the whole country into two days of darkness during the strike. The cost is only imaginable, not to mention the cancelled flights and the man-hours lost to the strike in an economy that is near prostrate.
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