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Global employment briefing: Nigeria, May 2016

  • Africa
  • Employment law

24-05-2016

The threat of a general strike on business

The Nigerian government is to meet the main trade unions to try to stop a call for unlimited nationwide strike action in protest against the 67% increase in the price of gasoline at the pump.

Administrations, airports, ports, banks, shops and markets are likely to be affected by the strike if negotiations fail and people have been advised to stock up.

Nigeria, one of Africa’s leading economic power, is facing a serious economic and financial crisis caused by the global drop in oil prices - the main source of state revenues and foreign reserves. The government had been maintaining low pump prices by subsidising the cost.

If the strike happens, some commentators believe it may not have the same level of support as the previous 2012 strike.

For more information contact

Farès Koussay El Heni, Managing Partner

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