After two major trade unions called for an open-ended strike in Nigeria, the country's electrical grid collapsed and its airports were shut down. The striking workers are calling for a higher minimum wage.
After two major trade unions called for an open-ended strike in Nigeria , the country's electrical grid collapsed and its airports were shut down. The striking workers are calling for a higher minimum wage.'s largest trade unions called an indefinite strike starting on Monday, with the walkout already crippling the national electricity grid and air travel.
Slowing growth rates and a reduced government tax intake have exacerbated the problems. Already saddled by high debt repayments, Nigeria is currently running an annual budget deficit in the region of 5% of GDP. These payments kept fuel cheap, but also cost the government roughly $10 billion in 2023. That comfortably outstrips the government's share of revenues from selling oil, even as the world's ninth most prolific exporter.
News Politics Economy Trade Business Sports Current Events Travel Nigeria Economy Business And Finance West Africa Energy
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria: Blackout Across Nigeria As Striking Workers Shut Down National GridThe TCN said the national grid shutdown occurred at about 2.19 a.m., 3rd June
Read more »
Nigeria: Nationwide Blackout As Labour Union Shuts Down Electricity GridNigeria was on Monday morning thrown into darkness after organised labour shut down the national electricity grid, making good their threat to embark on a national strike.
Read more »
Nigeria union strike shuts power grid, schools, disrupts flightsNigerian labour unions shut down the national power grid and disrupted flights Monday as they began an indefinite strike that closed schools and public offices after failing to strike a new minimum wage deal with the government. In the northern city of Kano, government offices and public schools were closed.
Read more »
Nigeria: Workers Shutdown National GridOrganised Labour in the nation's power sector has shut down the country's electricity industry.
Read more »
Forgotten haven: Vosloorus orphanage crippled by budget cuts, crime scrambles to make ends meetForgotten haven: Vosloorus orphanage crippled by budget cuts, crime scrambles to make ends meet
Read more »
Nigeria: Prince Harry, Meghan Accept Invitation to Visit NigeriaThe Duke and Duchess of Sussex, Prince Harry and his wife, Meghan, have agreed to visit Nigeria on the invitation of the country's Chief of Defense Staff, Gen. Christopher Musa.
Read more »