Labour actions halt grid, ports, and banks, impacting the economy.
Nigeria’s economy suffered a major blow as a nationwide strike led by the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) shut down the national grid, seaports, and disrupted banking activities. The strike, protesting the government’s refusal to raise the minimum wage from N30,000 to N494,000, caused widespread blackouts, halted cargo clearing at ports, and incurred significant financial losses. Businesses are facing mounting demurrage and storage charges, with importers and exporters particularly hard hit. The indefinite strike also led to chaos at airports and further strained the already fragile economy.
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