Nigeria, labour unions to agree new minimum wage within 8 weeks

Nigeria’s main labour unions and the government on Monday set an eight-week timeline to finalise an agreement to raise the minimum wage to help cushion the effects of high fuel prices after the reset the economy which suffered two recessions in the last eight years, under his predecessor Muhammadu Buhari.

The subsidy was introduced in the 1970s to cushion the effect of rising global oil prices at the time.

In January 2012, a wave of strikes and protests known as Occupy Nigeria ensued when the government announced the end of the subsidy, with authorities eventually backtracking. Tinubu, then leader of the opposition, and Buhari, were among those who opposed the measure.

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