Nigeria’s biggest labor organization strikes against fuel subsidy elimination.

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In reaction to President Bola Tinubu’s decision to eliminate a costly fuel subsidy, Nigeria’s biggest labor union said on Friday that it would go on strike the following Wednesday.

Bolt, an Estonian ride-hailing and food delivery firm, has upped its charges in Nigeria, citing higher operating expenditures as a direct consequence of rising fuel prices.

Nigeria is Africa’s biggest oil producer, but it also has some of the continent’s worst poverty rates, thus government subsidies for gasoline were largely supported, despite the fact that they cost billions of dollars each year.

According to the World Bank, four out of every ten Nigerians live below the national poverty line, whereas the Nigerian Bureau of Statistics puts the proportion at 63%.

Fuel prices have risen to 557 naira per liter from 189 naira as a result of the elimination of the subsidy, which the government believes would assist alleviate a fiscal crisis.

However, during an emergency meeting of the union’s executive council in Abuja, Joe Ajaero, president of the Nigerian Labour Congress (NLC), proposed that the NNPC reverse the price hike.

“The Nigeria Labour Congress decided that if by Wednesday next week, NNPC, a private limited liability company that illegally announced a price regime in the oil sector, refuses to revert itself for negotiations to continue, then the Nigeria Labour Congress and all its affiliates will withdraw their services and commence nationwide protests until this is complied with,” Ajaero said.

When Nigeria tried to apply a similar system in 2012, strikes ensued, resulting in the reinstatement of some subsidies. Tinubu, who was in the opposition at the time, pushed against abolishing the subsidies.

On Friday, Nigeria’s president asked for a review of the country’s minimum wage of 30,000 naira ($65).

At a meeting at his offices in Abuja, he encouraged the ruling party’s state governors to “do some arithmetic and soul searching on the minimum wage” and to seek to raise tax revenue.

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