As Nigerian workers commemorate the 2024 May Day on Wednesday (today), organized labour has expressed concern about the rising food prices and fuel scarcity in the country, saying the current situation threatens workers’ survival.
The Nigeria Labour Congress and the Trade Union Congress leaders, in separate interviews with The PUNCH on Tuesday, lamented the harsh economic situation which had been compounded by the twin burdens of the electricity tariff hike and high fuel pump prices.
As the unions expressed concern about the economic hardship, queues at fuel stations worsened on Tuesday as a result of petrol scarcity. Many workers and students, who could not get to their destinations, were stranded.
Lamenting the high prices of food, labour leaders said workers were finding it difficult to make ends meet.
The prices of basic food commodities such as rice, beans, maize, plantain, and tomatoes surged by 25.34 per cent to 40.01 per cent as of March 2024.
Amidst the economic hardship, the government increased the tariff to be paid on electricity by 603 per cent to N225 per kilowatts.
The unions bemoaned how inflation and government policies had worsened the lot of workers across the country as the House of Representatives, Nigerian Bar Association and the National Association of Nigerian Students rejected the increase in electricity tariff.
This year’s Workers’ Day celebration comes in the face of rising inflation and biting fuel scarcity in many parts of the nation coupled with the minimum wage which has remained stagnant at the same level despite the high cost of living in the country.