In a statement released on Thursday, the NLC expressed deep concern over the adverse effects of Tinubu's reforms, particularly the removal of fuel subsidies and the liberalization of the foreign exchange market. These measures, while aimed at stabilizing the economy, have led to significant increases in the cost of living, pushing over 150 million Nigerians into multidimensional poverty.
The NLC highlighted the government's failure to implement key agreements reached in 2023, including the establishment of a new national minimum wage and the provision of social welfare programs. Despite promises of a ₦35,000 wage award for federal workers and cash transfers to vulnerable households, many of these commitments remain unfulfilled.
Furthermore, the unions criticized the government's handling of security issues, noting that despite claims of improved safety, incidents of banditry and kidnappings persist across various regions.
In response, the APC has defended Tinubu's policies, asserting that the economic reforms have led to a reduction in the fiscal deficit and improved government revenue. The party also endorsed Tinubu for a second term in the 2027 elections, citing his commitment to economic stability and growth.
As Nigeria navigates the challenges of economic recovery and social stability, the divergent perspectives of labour unions and the ruling party underscore the complexities of governance and the pressing need for policies that address the welfare of all citizens.
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