Nigerian Labour Leaders Address Economic Hardships and Worker Challenges
Metro News Society

Nigerian Labour Leaders Address Economic Hardships and Worker Challenges

At the 28th annual National Management/Industrial Relations Seminar, Nigerian labour leaders voiced their concerns over the severe economic difficulties faced by workers due to fuel subsidy removal and rampant inflation.

The seminar, running from Monday to Wednesday, is themed “Creative and Innovative Strategies To Manage Worker’s Expectations and Reality In a Challenging Economy”.

During the seminar’s opening ceremony, these leaders highlighted the dramatic increase in transportation costs and the soaring prices of food, significantly impacting the daily lives of workers.NYSC Portal

Despite acknowledging the Federal Government’s attempts to alleviate the effects of fuel subsidy removal, the leaders stressed that these measures were insufficient.

Comrade Segun David, National President of the Chemical and Non-Metallic Products Senior Staff Association of Nigeria, which organized the seminar, remarked on the inadequacy of workers’ salaries, stating that their earnings barely cover their commute to work. He urged the new administration under President Bola Tinubu to intensify efforts to enhance the welfare of Nigerian workers amidst these challenging times.

David emphasized the need for workers to develop strategies to manage their expectations in light of decreasing incomes and the harsh economic reality. He pointed out that employers are grappling to adjust to the government’s policies, particularly the fuel subsidy removal, which has made the cost and ease of doing business increasingly difficult.

The seminar serves as a platform for discussing and devising solutions to the complex challenges facing workers in Nigeria’s current economic climate. It reflects the growing need for innovative approaches to ensure the well-being of workers and sustain businesses in a rapidly changing economic environment.JAMB Result

He added, “As at the last count, a dollar is above a thousand naira. Manufacturing industries depend solely on forex to survive, and the fluidity in the forex market is yet to yield any positive result, rather things are getting worse.

“Nigeria depends on importation to survive the high exchange rate in Nigeria, as of September 2023 reached an 18-year high of 26.7%. The removal of fuel subsidies is attributed also to the high inflation rate. Prices of food jumped to 30.6% high, transportation 27.2%, housing and utilities 22.5% and miscellaneous goods and services rose to 21.9% high respectively.

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“There are no essentials of life that have not been touched; food, housing, transport, electricity, clothing, maintenance, education, health, recreation, and communications.

“Based on the analysis above, we need to strategise on how we can manage our expectations in the face of dwindling incomes and understand the reality on the ground,” he said.InformationGuideNigeria

The national president of the National Union of Chemical Footwear Rubber Leather and Non-Metallic Products Employees, Babatunde Olatunji listed challenges facing the Nigerian workers as, “fuel subsidy removal, hike in electricity tariffs, high inflation that is affecting standard of living, insufficient infrastructure, epileptic power supply, multiple taxation on companies, insecurity, among others.

“Nigerians are lamenting over the subsidy removal which has taken a toll on the lives of Nigerians. For instance, from pepper sellers, and pepper grinders to vehicle owners who no longer use their vehicles due to the high cost of fuel, including the high electricity tariffs.

“All these factors affect workers and as such government must do something about this. Looking at security issues, yet no solution in sight. So, our political leaders should think of the after-effects of this to save the country from going down.”

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Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing. Whatapp: 08088735884

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