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USD/NGN 1,331.44GBP/NGN 1,759.74USD/NGN black market ₦1,375GBP/NGN black market ₦1,850EUR/NGN 1,487.39JPY/NGN 8.40CAD/NGN 932.79

NLC Issues FG Two-Week Ultimatum On Petrol Price, Minimum Wage

The Congress warned that failure to meet the demands within the stipulated period would compel it to take further action. The post NLC Issues FG Two-Week Ultimatum On Petrol Price, Minimum Wage appeared first on…

Aggregated · originally by Channels TV
13 Oct 2026, 10:24 WAT · 3 min read
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NLC Issues FG Two-Week Ultimatum On Petrol Price, Minimum Wage

The Nigeria Labour Congress (NLC), alongside its counterpart the Trade Union Congress (TUC), has repeatedly clashed with the Federal Government over the economic fallout of the May 2023 removal of petrol subsidy, which triggered a sharp and sustained rise in fuel prices and, by extension, transport fares, food costs and the general cost of living. Although a new national minimum wage was signed into law in 2024 after months of negotiation and threatened strikes, labour unions have continued to argue that the figure has since been eroded by inflation and further petrol price increases, making it inadequate to meet workers' basic needs.

This latest ultimatum reflects that recurring tension: organised labour is demanding both a rollback of pump prices to an earlier benchmark and the reopening of wage talks, while threatening unspecified "further action" — language typically associated with strike threats — if government does not respond within the given timeframe. The coverage so far agrees on the core demands and the two-week deadline, but neither report indicates how the government has responded or whether the two factions of organised labour are fully aligned on next steps should the ultimatum lapse.