The Nigerian government has expressed confidence in avoiding an economic shutdown despite the looming 21-day ultimatum issued by organized labor. The labor unions, including the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC), had given the government a 21-day ultimatum, which is set to expire, demanding action on various issues, including the removal of petrol subsidy, wage awards, implementation of palliatives, tax exemptions, allowances to public sector workers, and a review of the minimum wage.
The Minister of Labour, Simon Lalong, stated that the government has no fears about the potential economic shutdown and believes that a resolution can be reached with the labor unions. He emphasized the government’s commitment to workers’ welfare and prosperity.
The labor unions have threatened to declare an indefinite strike and shut down the economy if their demands are not met at the expiration of the ultimatum. The government had previously committed to restructuring the framework for engagement with organized labor on palliatives, but the process has not been concluded.
The situation remains uncertain as both sides continue negotiations, and the outcome will have significant implications for labor relations and the Nigerian economy.