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May Day: Labour rejects FG’s growth claims, says economy favors 1% as millions suffer

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NLC President Joe Ajaero
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…says Nigeria is at ‘war’

*Declares Nigeria one of world’s most dangerous places to live

*Threatens to direct workers to stay at home over killings, kidnappings nationwide

In a sweeping, fiery, and deeply critical address that touched virtually every sector of national life, Nigeria’s organised labour on Thursday declared that the country is drifting toward a dangerous tipping point, warning of a collapsing social contract, a failing economy, and a worsening security crisis that could force workers off their jobs nationwide.

At the 2026 May Day celebration held at Eagle Square, Abuja, leaders of the Nigeria Labour Congress, NLC, and the Trade Union Congress of Nigeria, TUC, Joe Ajaero and Festus Osifo, delivered a joint speech that combined stark economic analysis, political warnings, and an unmistakable threat of mass action if conditions do not improve.

They described Nigeria as a nation where “poverty tightens its grip daily,” institutions are weakening, and citizens are increasingly left to fend for themselves in the face of violence and economic hardship.

Workers create wealth, live in poverty

Setting the tone early, labour leaders reminded the nation of the central role workers play in sustaining the economy, contrasting it sharply with their current condition.

They said: “Workers remain at the very heart of every industry, every economy, and every success story known to humanity. Without workers, no wheel can turn; without workers, no nation can be built.”

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Yet, they lamented, those same workers “create immense wealth yet receive only a fraction of it,” enduring exploitation while “poverty tightens its grip around them.”

They described Nigerian workers as people who “rise before dawn and return home at dusk, exhausted yet unbroken,” but increasingly unable to meet basic needs despite their efforts.

Growth without relief, reform without impact

Labour took direct aim at the government’s economic narrative, arguing that macroeconomic indicators have become disconnected from reality.

According to them; “We are told that GDP growth may reach about 3.6%… yet poverty continues to rise. We hear official inflation figures… but these numbers do not reflect the reality experienced daily by workers.”

NLC and TUC argued that Nigeria’s economic model has produced a distorted outcome, saying “Paper growth without jobs, stability without prosperity, and reform without relief.”

They insisted that the benefits of economic policies are being captured by a narrow elite, noting that “An economy that serves only the top 1% while leaving the 99% behind cannot be sustainable. Perhaps, it is working for the ultra-few 1% and not the 99% majority.”

Nation sliding deeper into poverty

Labour painted a bleak picture of living conditions across the country, citing data that shows poverty now affects about 65% of Nigerians — roughly 150 million people.

“Approximately 10,000 people are pushed into poverty every day,” they said, warning that deprivation has reached “alarming levels.”

They described overcrowded cities strained by rural displacement, rising food insecurity, and the re-emergence of diseases linked to extreme poverty in internally displaced persons camps.

“In these camps and communities, diseases such as Kwashiorkor, Craw-craw, and Marasmus are re-emerging,” they noted, calling it “a grim picture of a nation under severe strain.”

Minimum Wage: Labour draws the line

Against this backdrop, labour announced that negotiations for a new national minimum wage will begin in July 2026.
“We will commence the process early to avoid the painful delays of the past,” they said.
But beyond future negotiations, the unions demanded immediate intervention:
“We demand that from July of this year, every worker be paid 100% of his basic salary… to cushion the effects of the renewed crisis of survival. We demand a living wage, not a minimum wage.”

Nigeria is at War

On insecurity, labour delivered perhaps its most alarming assessment, declaring that Nigeria is effectively in a state of war.

“The scale of violence, the frequency of attacks, and the mounting loss of lives… place Nigeria among the most dangerous places to live on earth,” they said.

Rejecting the characterization of attacks as isolated incidents, they insisted: “It is not. It is a war against our people.”

They cited killings, bombings, and abductions across multiple states, noting that thousands have died and millions displaced.

“People are no longer safe in their homes, on the roads, or even in their workplaces. Daily life has become a gamble with fate”, they lamented.

Workers may stay at home

In a major escalation, labour warned that it may take the unprecedented step of directing workers to stay home if insecurity persists.

They said “Nigerian workers may no longer continue going to work with this level of insecurity. We may be forced to advise our members… to stay at home to avoid being kidnapped, abducted or killed.”

They stressed that such a decision would not be taken lightly but could become unavoidable if the situation does not improve.

“The safety of workers is non-negotiable,” they added.

Energy sector under fire

Labour also delivered a scathing critique of Nigeria’s power and oil sectors, describing them as symbols of policy failure and elite capture.

“Over a decade after privatisation, Nigerians have little to show but deepening darkness,” NLC and TUC said of the electricity sector.

They pointed out that despite over N10 trillion in public spending, power supply remains unreliable.

“What was promised as reform has become a burden,” they said, adding that consumers now pay more for less.

On fuel, they highlighted the paradox of an oil-rich nation unable to protect its citizens from price shocks.

“The contradiction is stark and disheartening,” they said.

Governance under scrutiny

Labour raised serious concerns about governance, accusing political leaders of being disconnected from the realities of ordinary Nigerians.

“When leaders seek better education abroad for their children while neglecting domestic schools… it raises fundamental questions about commitment,” they said.

They warned that governance risks becoming “an extractive enterprise” serving narrow interests rather than the public good.

Labour also criticized weakening democratic institutions, warning that the erosion of checks and balances threatens national stability.

A system that bleeds nation

The unions described corruption and illicit financial flows as one of the greatest threats to Nigeria’s future.

“This is not mere corruption; it is a system… one that bleeds the nation continuously,” they said.

They cited trillions lost to subsidy fraud and billions to illicit flows, arguing that such losses directly translate into poor services and low wages.

To confront this, they launched a nationwide campaign: “Stop the Bleeding. Every stolen Naira is a stolen future.”

2027 elections: Labour draws battle lines

Looking ahead, labour signaled a more assertive political role as the 2027 general elections approach.

“2027 will be different. No more will we be voting fodder”, they warned.

NLC and TUC vowed to support only candidates committed to workers’ welfare and national development.

“Those who have undermined workers’ rights cannot expect our support,” they said.

Despite the dire warnings, labour ended on a note of defiance and resolve, urging workers to recognize their collective power.

They said : “You are not victims. You are the engine of this nation. And engines do not beg; they move.”

They called for unity, organisation, and sustained action: “The change we seek will not come from elsewhere; it must come from us.”

Among others, NLC and TUC added: “Let this May Day mark the turning point; where Nigerian workers stopped asking and started demanding… Our nation can be saved! But only by us! Only together! Only now!” (Vanguard)

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Despite fuel subsidy removal, FG struggles to implement budgets, experts lament

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• Say capital projects development under threat

Economic experts have lamented that despite fuel subsidy removal in 2023, the Federal government struggled to implement 2024 budget with the 2025 budget recording barely 30 percent implementation.

They said the continued delay in the implementation of rollover and the current budget by the government posed a threat to capital projects.

Speaking at the weekend with the Nigerian Tribune, an economic expert, Eze Onyekpere, explained that under the current expenditure, “you have salaries and embodiments of public officers. So the only people you can touch are those people who are working with government, which is very few.

“Another part of recurrent expenditure is debt, which is taking 53 percent of all our revenue. So, those ones are not impacting on anybody. Now, the part of the budget that touch lives of the people is the capital budget, particularly the developmental capital” he stated.

Onyekpere said the developmental capital deals with building bridges, hospitals, schools, water facilities, improving electricity and agriculture.

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“So, if you are not implementing capital projects that mean you are only running the bureaucracy, paying salaries, paying debts. You are not doing projects that will impact the life of the original people.”

He explained, ‘Don’t forget that it is from capital budget that you also buy bullets, buy arms, which after paying salaries of the soldiers and the military and the police, they also need equipment to be able to work. So if you are not funding that, there is no way they will be performing optimally.

“So that is the danger of not implementing the capital budget. We are being told that the resources are improving, that the money is there. So why is the government not implementing the budget if the money is there?” He questioned.

The Economic Expert further explained that part of the Ease of Doing Business is building the road that transport the goods, or that there are good railways, or that we are having constant 24-hour electricity instead of factories having to run a generator or start producing their own mini grids to power production, causing commodity price increase.

It is reported that only 30 percent of the 2025 capital budget was funded and executed during its initial cycle due to revenue shortfalls. 70 percent of the unexecuted 2025 capital projects were deferred and rolled over into the 2026 capital budget framework.

Also lamenting the non-implementation of the country’s budget, another Economic Expert and the Co-founder of BudgIT, Oluseun Onigbinde, said the current administration has declared more revenue with low capital releases.

“You don’t need to continue to roll the budget over and over. There are so many items you find in the budget that have no priority; they don’t make any developmental sense to the Nigerian people. For example, you are putting palaces in the budget.

“The Federal Government trying to build palaces, or investing in churches and mosques, or buying musical instruments for a church is not going to bring any developmental opportunity. So there are multiple layers of these issues, and there is no coordinated fiscal program from the federal government.

“The federal government is raising revenues, but there are challenges. One is the issue of debt servicing cost. Because of the devaluation of the currency, debt servicing cost has skyrocketed. It’s around 17 trillion naira as of last year.”

He warned that debt servicing cost is not slowing down any time soon. So the federal government needs to reflect on its fiscal choices and ask itself, how do I generate more revenue? That is the first point.

The second point you have to ask is, how do I prioritise capital spending that gives us impact? And that starts from the budgeting process» he stated.

During the Senate engagement with the Ministry of Finance recently, Senator Mohammed Tahir Monguno raised the alarm.

He questioned why capital projects and critical government programs appear to be lagging if revenue collections are exceeding projection.

The senator also expressed concern over the reported absence of capital releases to security agencies and sought clarification on the retention of about 1.7 trillion naira from recent federation account allocations.

“We have exceeded the target of our revenue collection. It is inherently contradictory for government to woefully fail to implement the budget. Where are these revenues going to? If the budget, for example, 2025 budget, has not been implemented, and we have to roll over 70 percent of 2025 to 2026, and that with the promise that 30 percent will be implemented before March.

«Up to March, even 30 percent was not implemented. National Assembly had to extend the lifespan of the budget up to September to allow government to implement just 30 percent component of 2025 budget”, he lamented.

In response, the Minister of Finance and the Coordinating Minister of the Economy, Taiwo Oyedele said for external loans, “we always need the approval of the National Assembly.

“So, what happens is, when we get the approval of the National Assembly, the media would rightly report it, and many people take that as money borrowed. When we now borrow the money, they report it again. So, in fact, I think it was last year when the National Assembly approved about $20 billion, which was based on MTEF. So people add up big numbers as the money we have borrowed, and that is misleading in terms of the analysis.

“We are currently finalising this breakdown in the Ministry of Finance. We’ll make it available to the public. It will show how much the National Assembly approved and how much of what we have borrowed and how it has been spent” he stated.

Analysts believe that the low budgetary implementation, particularly the capital project aspect, has denied many citizens the benefits of the fuel subsidy removal as only a few who has direct business to do with the government that may have gained from the policy. (Nigerian Tribune)

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‘Nigeria is burning’ — Atiku tackles Tinubu over three-week European vacation

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Atiku and Tinubu
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Former Vice-President and 2027 presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has criticised President Bola Tinubu’s decision to embark on a three-week vacation in Europe amid the country’s economic and security challenges.

Atiku, in a statement issued after Tinubu’s departure, said the President’s absence from the country at a time of widespread hardship reflected what he described as a “disturbing vacuum of political leadership”.

He acknowledged that there was no constitutional vacuum, but argued that the circumstances surrounding the President’s trip raised questions about his leadership priorities.

“Nigeria may not be facing a constitutional vacuum today, but there is a disturbing vacuum of political leadership,” Atiku said.

The former vice-president contrasted Tinubu’s trip with his own travels, noting that the responsibilities of a sitting president were different from those of a private citizen.

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“I have travelled, lived and spent time abroad, and I have never pretended otherwise. But there is a fundamental difference between the travels of a private citizen and the responsibility of the sitting President of the Federal Republic of Nigeria,” he said.

Atiku listed rising living costs, food insecurity, high transport fares and insecurity among the challenges confronting Nigerians, arguing that the situation required the President’s presence in the country.

“Consider what Bola Tinubu is leaving behind. Petrol priced beyond the reach of ordinary people. Families rationing food. Transport fares that have turned a journey to one’s own village into a luxury. Insecurity that buries Nigerians week after week,” he said.

He also noted that Vice-President Kashim Shettima was out of the country on official duty, describing the President’s decision to travel under the circumstances as difficult to understand.

According to Atiku, leadership requires knowing when a country needs the physical presence of its leader.

“Leadership is not merely the constitutional right to occupy an office; it is the judgment to know when your country needs you at home,” he said.

Using a fire analogy, Atiku argued that a leader should remain with his people during a crisis rather than leave the country.

“A father may travel when all is well. But when his roof is burning and his family is trapped inside, he does not pick up his suitcase and head for the airport,” he said.

Atiku stressed that his criticism was not based on the principle that a president should never travel or take time off, but on what he described as the severity of Nigeria’s current challenges.

“It is not that a President must never rest or travel. It is that Nigeria is burning, and the President has chosen a boarding pass over the fire extinguisher,” he said.

He further criticised the economic policies of the Tinubu administration, saying Nigerians were struggling to cope with the rising cost of living.

“Millions of Nigerians are being grounded by hardship while their President is airborne,” Atiku said.

He concluded by contrasting his proposed leadership with the current administration, declaring: “Tinubu made Nigeria expensive. I will make Nigeria affordable again.”

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Inferno razes Abuja building materials market, destroys goods worth millions

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A fire outbreak has destroyed shops and goods reportedly worth millions of Naira at Eda Plaza, a building materials market located opposite Chida Hotel in Jabi, Abuja.

An eyewitness was quoted by the Nigerian Television Authority NTA as stating that the alarm was raised around 3am on Sunday when his brother-in-law, who owns two shops and a packing store within the affected plaza, received a distress call from a colleague at the market.

National Public Relations Officer and Head, Corporate Services at the Federal Fire Service, Deputy Controller of Fire Paul Abraham, who confirmed the incident said a distress call about the fire, identified as the Eda Plaza fire, was received at 2:46am.

He said the Federal Fire Service, alongside the Federal Capital Territory FCT Fire Service, turned out with appliances from its Wuse, Interior Ministry, and Garki stations to battle the blaze, and that a stop message was issued at 10:14am, signaling that the fire had been brought under control.

Abraham added that investigations into the remote and immediate causes of the fire were currently underway.

Earlier, the eyewitness said there were no casualties in the incident.

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He said, “We were at home this morning, as early as 3 am, and my brother-in-law received a call from one of his colleagues here in the plaza that the plaza was on fire. So we had to rush down there. On getting here, we discovered that the situation was so bad”.

By the time they arrived at the scene, the eyewitness said, the fire had already spread extensively, leaving only one of his brother-in-law’s two shops standing.

“In this plaza, my brother-in-law had two shops and a packing store. Unfortunately, only one of the shops was saved. The other shop and the packing store were totally damaged by the fire,” he added.

The eyewitness put the value of roofing materials lost in the blaze at over N20 million, lamenting that some of the destroyed materials had been freshly installed the night before the incident.

“Over here, you see some of the roofs that we still have here. We are talking about a roof that is worth over N20 million lost in this fire,” he said, adding, “Because the other shop, we had roofs that were just restocked last night. And then the packing store also, we had roofs that were just restucked last night.”

Notwithstanding the heavy losses recorded, the eyewitness said he was consoled that the incident claimed no casualties.

“In our situation, we give thanks to God that no life was lost in this situation,” he said. (Vanguard)

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