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Nigeria's labour unions, led by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), have initiated widespread protest actions in Abuja, Lagos, and other parts of the country. The protests aim to denounce the alleged anti-people policies of President Bola Tinubu, specifically the removal of petrol subsidy, which has caused a surge in prices of essential commodities and transportation. As negotiations failed to yield any progress, the labour unions are demanding the reversal of these policies, an upward review of the minimum wage to reflect the rising cost of living, and more equitable measures for the welfare of the working class.
The Nigeria Labour Congress (NLC) in Bayelsa State organized a peaceful protest against the fuel subsidy removal by the Federal Government. The protesters expressed their dissatisfaction with the hasty decision and its adverse effects on the welfare of workers and Nigerians. They urged the government to consider the well-being of the citizenry and voiced their opposition to the anti-people policies. The NLC also commended the Governor of Bayelsa State for prioritizing the welfare of workers and hoped for the state government's plans to mitigate the effects of the subsidy removal.
In Rivers State, workers took to the streets in a massive protest against the importation of petroleum products and called for urgent repairs of the country's refineries. The protest was organized by the Nigeria Labour Congress and joined by civil society organizations. The workers demanded the government to fix the refineries so that local production can meet the nation's fuel demand and put an end to the suffering of the Nigerian masses due to high fuel prices. Rivers State Governor assured the workers that their demands would be forwarded to the federal government.
President Bola Ahmed Tinubu has approved the provision of buses to students bodies of all universities, polytechnics, and colleges of education across Nigeria. This move aims to ease the burden of the fuel subsidy removal on students and their families, allowing them to access their campuses without experiencing difficulties due to increased transportation costs. In addition, the President has directed the removal of restrictions on students' loans and urged authorities in Federal Institutions to avoid arbitrary fee increases. This article explores the President's commitment to supporting education and prioritizing the welfare of Nigerian students.
Nigerian President Bola Tinubu has directed the release of more than 200,000 metric tons of grains to families in order to alleviate the hardship caused by the recent fuel price hike. This decision comes as part of the President's efforts to boost the economy and ease inflation after axing a popular but costly subsidy. Nigerian labour unions are planning a strike to demand the reinstatement of the subsidy and lower public school fees.
The National Association of Nigerian Students (NANS) has called upon the Zamfara State government to intervene and rescue 90 students studying in North Cyprus. These students are facing the risk of being expelled from their high-profile institution due to unpaid fees. NANS urges the state government to support these promising students in their pursuit of education and prevent their repatriation.
Christian clerics in Lagos foresee a gloomy period for Nigerians due to the economic hardship caused by the removal of petroleum subsidies. While acknowledging the need for change, they urge the government to take immediate action to alleviate the suffering and provide hope for the citizens.
The Lagos State Labour Party (LP) has disowned the former executive committee led by Mrs. Dayo Ekong, stating that their tenure has expired. The new executive committee, under the leadership of Omoba Adesoyin Olumide, addressed the press to clarify the situation and urge the public to be cautious. Olumide also addressed several issues affecting the welfare of Nigerians, including anti-people policies and the need for government action on infrastructure and education.
The Coalition of United Political Parties (CUPP) has accused the Nigerian Presidency of trying to "settle predecessors" by offering them "hush money." The coalition also claims that the recently announced palliative policy by the federal government is designed to serve the same purpose as the previous administration's Tradermoni policy.
Former Kwara State governorship aspirant, Sunday Babalola, has raised concerns about the Nigeria Labour Congress (NLC)'s proposed strike and its potential consequences on the economy. He warns of the strike causing financial losses, dislocating businesses, and leading to a reduction in the Gross Domestic Product (GDP). Babalola calls for dialogue between the government and NLC while appraising the adverse effects of anti-poor policies, corruption, and inadequate policy analysis. This article delves into the implications of the strike and highlights the challenges faced by both the government and the Nigerian workers.
Nigerian labour unions are set to go on strike to protest against the recent petrol price hikes and increased public school fees. The Nigerian Labour Congress (NLC) has announced that workers will be called out on strike if the government fails to address their demands. President Bola Tinubu's bold reforms, including the removal of fuel subsidy and lifting of foreign exchange restrictions, have raised concerns among workers and unions who are seeking relief for households and small businesses. The strike will put further pressure on the government to find a resolution to the ongoing disputes.
Nigerian labour unions, led by the Nigerian Labour Congress (NLC), have announced a nationwide strike scheduled to begin on Wednesday. The strike is in protest against petrol price hikes and increased public school fees. President Bola Tinubu's recent reforms, including the removal of fuel subsidies and higher forex trading restrictions, have sparked unrest among workers across various sectors of the Nigerian economy. Unions have given the government until August 2 to meet their demands, failing which workers will be called out. The strike follows a recent walkout by doctors in public hospitals over pay issues.
The National Association of Nigerian Students (NANS) has expressed its discontent with President Bola Tinubu's recent claim that the Nigerian government provides free-tuition university education. NANS argues that the claim is deceptive and misleading, as many universities continue to impose numerous levies and charges on students. They call for a reversal of fees increment and emphasize the government's responsibility to adequately fund education at all levels.
Nigerian banks have been making significant profits amidst the volatile activities in the foreign exchange market and the depreciating value of the Naira. The banks' earnings have been boosted by the depreciation in the foreign exchange market and higher domestic interest rates. However, these economic conditions have led to increased borrowing costs for other businesses, causing concerns over the real sector output and employment. Banking stocks have been performing well, and the industry is expected to continue to see strong earnings in the coming months. FBN Holdings, in particular, recorded impressive Q2 earnings with a substantial increase in FX Fair Value on the Profit and Loss Account (FVTPL) translation gains and net interest income. The banks' profitability comes at a time when manufacturers and other businesses are grappling with high funding costs.
The Federal Government has clarified that federal universities in the country will remain tuition-free despite recent announcements of increased charges. The government stated that the new charges are discretionary and not tuition fees. It emphasized its commitment to providing quality tertiary education to all Nigerian students, regardless of their parents' financial situation, through various student-supportive plans such as student loans, work-study programs, scholarships, and grants.
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