NLC Demands Petrol Price Cut and Wage Renegotiation

The Nigeria Labour Congress (NLC) has issued a two-week ultimatum to the Federal Government to reduce petrol prices, initiate renegotiations on the national minimum wage, and resolve outstanding agreements with workers. This deadline commenced on Friday following a joint meeting of the NLC’s National Executive Council and Central Working Committee at the Olaitan Oyerinde Hall, Labour House, Abuja, on October 6.

The NLC, led by President Joe Ajaero, expressed concerns over the economic hardships faced by workers due to the government's policies, highlighting rising inflation, a depreciating naira, and the inadequacy of the current minimum wage of N70,000 (approximately $50) per month. The union demands that the government begin renegotiating the minimum wage before the end of October, emphasizing that the current wage has lost significant value.

The NLC warned that failure to meet these demands would lead to remedial actions as directed by its relevant organs.