Following rising hardships across the country occasioned by the removal of fuel subsidy and devaluing of the naira, the Nigerian labour unions have threated to paralyze economic activities across the country.
Leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC), have threatened indefinite strike after talks on palliatives with the federal government yielded no fruit.
The labour unions are expected to announce the strike at a joint press briefing on Wednesday in Abuja.
For over three months, Nigerian have bene thrown into severe hardships with rising food process, transportation process, and other products and services following the huge rise in fuel costs. Inflation is at 18 years record high.
President bola Ahmed Tinubu had told Nigerians to bare the hardships as it is temporary. He however didn’t say for how long should Nigerians endure before succour would come.
If labour makes good its threat, all key economic activities across the country like the banks, airports, seaports, and government officers will be shut down.
It is hard to tell if the Nigerian economy can survive the shock without sliding into a recession after the strike.