• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
A group of men, representing Nigeria labor unions, standing next to each other in protest for a higher minimum wage from the government.

Nigeria Labor Unions and Government Collaborate on New Minimum Wage Amid Fuel Price Changes

06/20/2023
Intermodal Europe 2025

Intermodal Europe 2025 – Shaping the Future of Intermodal Transport

09/16/2025
WAREMAT 2025 – Warehousing, Material Handling & Supply Chain Expo (Hyderabad)

WAREMAT 2025 – Warehousing, Material Handling & Supply Chain Expo

09/16/2025
Professional Logistics Network Inc. Nominated for Go Global Awards 2025

Professional Logistics Network Inc. Elevates Global Freight Forwarding with Next-Gen Digital Alliance

09/15/2025
Intellection Software & Technologies Pvt. Ltd. Nominated for Go Global Awards 2025 in London

Intellection Software & Technologies Pvt. Ltd. Driving AI-Powered Innovation Across the Globe

09/12/2025
APEX Miami 2025: Showcasing a Prestigious Lineup of Global Exhibitors

APEX Miami 2025: Showcasing a Prestigious Lineup of Global Exhibitors

09/11/2025
Supply Chain & Logistics Summit 2025

Supply Chain & Logistics Summit 2025

09/11/2025
Windponics India Pvt Ltd Nominated for Go Global Awards 2025 in London

Windponics India Pvt Ltd Nominated for Go Global Awards 2025 in London

09/10/2025
Paramount Consortium of Companies INC. Nominated for Go Global Awards 2025 in London

Paramount Consortium of Companies INC. Nominated for Go Global Awards 2025 in London

09/10/2025
M/S Swiss Apparels (Pvt) Ltd. Nominated for Go Global Awards 2025 in London

M/S Swiss Apparels (Pvt) Ltd. Nominated for Go Global Awards 2025 in London

09/10/2025
Oil & Gas Annual Conference & Expo 2025

Fueling the Future: Oil & Gas Annual Conference & Expo 2025

09/10/2025
ARC Fintube Technologies Private Limited Nominated for Go Global Awards 2025 in London

ARC Fintube Technologies Private Limited Nominated for Go Global Awards 2025 in London

09/10/2025
CPO Summit 2025 Set for California

CPO Summit 2025 Set for California

09/11/2025
supplychainreport
Tuesday, September 16, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Nigeria Labor Unions and Government Collaborate on New Minimum Wage Amid Fuel Price Changes

by Richie
06/20/2023
in Compliance, Supply Chain Transparency

YOU MAY ALSO LIKE

RightVantage Exim Launches Free Tariff Analysis Tool

Maprima Management BV: Driving Corporate Services Excellence Across the Benelux

In response to the recent removal of a costly petrol subsidy leading to a significant increase in fuel prices, Nigeria’s principal labor unions and the government have embarked on an eight-week timeline to reach an agreement to raise the minimum wage. The goal is to mitigate the impact of these price hikes on the population.

The Nigeria Labour Congress and the Trade Union Congress (TUC) had previously issued threats of strikes in the wake of the threefold surge in fuel prices, a consequence of President Bola Tinubu’s decision to eliminate the controversial subsidy. This negotiation with the labor unions represents one of the initial challenges faced by the new administration as it advances a series of economic reforms.

As part of their commitment to resolve the issue, the parties have agreed to establish work groups. The specific terms of reference for these groups will be finalized on the following day, with some expected to begin submitting their reports as early as next week.

Presidential spokesman Dele Alake provided insights into the progress, explaining that both parties have categorized the list of demands into three groups: those that can be immediately addressed, those achievable in the medium term, and those requiring a longer-term approach.

TUC President Festus Osifo emphasized that the entire process would conclude within eight weeks and stated, “Everything must be rolled out within that time, (it is) not something that we are going to leave endlessly.”

The parties have scheduled a reconvening for June 26 to continue discussions.

President Tinubu, who assumed office recently, has embarked on comprehensive reforms for Nigeria, addressing issues such as low economic growth, a substantial debt burden, rising inflation, and heightened insecurity in the country. These reforms represent some of the most significant changes to Nigeria’s economic landscape in decades.

The petrol subsidy, originally introduced in the 1970s to counteract rising global oil prices, has been a topic of debate and contention over the years. Notably, in January 2012, Nigeria witnessed widespread strikes and protests, known as Occupy Nigeria, in response to the government’s announcement of the subsidy’s removal. Ultimately, the authorities reversed their decision. At that time, both President Tinubu, then an opposition leader, and his predecessor Muhammadu Buhari, opposed the measure.

Stay informed on supply chain news at The Supply Chain Report. Free international trade tools are at ADAMftd.com.

#NigeriaFuelCrisis #NigeriaLabourCongress #TradeUnionCongress #FuelPriceHike #MinimumWageNegotiations #TinubuAdministration #EconomicReforms #NigeriaLaborUnions #FuelSubsidyRemoval #NigeriaReforms #TUC #NLC #DeleAlake #FestusOsifo #OccupyNigeria #NigeriaEconomy #NigeriaInflation #NigeriaDebtBurden #NigeriaInsecurity #PetrolSubsidy #NigeriaStrikes #TinubuReforms #FuelPrices #WorkGroupsNigeria #NigeriaNegotiations

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.