Indefinite Strike: Business Community Expresses Fears To Economic Shutdown

The business community in Nigeria warned Friday that the planned nationwide strike by organised labour over workers’ welfare does not bode well for the country and the economy at this particular time.

It was gathered that Manufacturers Association Of Nigeria (MAN), NECA and other stakeholders expressed fears about what they described could trigger negative impact to the country’s economy.

The leadership of the Nigeria Labour Congress (NLC) is scheduled to convene on Tuesday, to take a decision on the strike, NLC National President Joe Ajaero told The Nation on the phone yesterday.

The meeting comes at the expiration yesterday of the 21-day ultimatum given by labour to the federal government to provide palliatives for Nigerians to cushion the hardship triggered by the fuel subsidy removal.

It is demanding a review of the minimum wage, tax exemptions and allowances for public sector workers, among others.

Congress said the planned indefinite action, which is a follow-up to its recent warning industrial action, would shut down commercial and economic activities across the country.

But the business community fears that any shutdown of the economy at this time would not augur well for the country and the generality of the citizens.

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The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, said last night that a national strike now would complicate the present economic situation.