Nigeria is facing its worst economic crisis in decades, with skyrocketing inflation, a national currency in free fall, and millions of people struggling to buy food. The International Monetary Fund (IMF) forecasts a bleak economic outlook for the country, which is projected to drop to fourth place among Africa's economies. President Tinubu's administration is grappling with mounting debt and inflation. In this challenging economic environment, Nigerian labor unions have rejected the government's proposed minimum wage increase to ₦100,000 and are threatening to resume strikes on Tuesday. The unions also dismissed an earlier offer of ₦62,000, posing a significant challenge to President Tinubu's plans to stabilize the economy. Additionally, Nigeria's oil production is at risk as host communities threaten action.
Nigeria’s oil production at risk as host community threatens action https://t.co/gslNVxK83I
Nigerian unions’ minimum wage demands pose fresh challenge to President Tinubu and his plans to get economy back on track https://t.co/NROvNzKcmK
Nigeria is facing its worst economic crisis in decades, with skyrocketing inflation, a national currency in free fall and millions of people struggling to buy food. https://t.co/BL0giuMoZ8
Only two years ago Africa’s biggest economy, Nigeria is projected to drop to fourth place this year as the country faces its worst economic crisis in decades, with a national currency in free-fall and millions of people struggling to buy food. https://t.co/I1oVYFA9kI
Nigeria Confronts Its Worst Economic Crisis in a Generation https://t.co/XXSWlUnXMm
Minimum Wage: We Won’t Accept N100,000 – Labour https://t.co/gFNOHS8LBK
Minimum Wage: Strike May Continue As Labour Rejects FG’s N62,000 Offer https://t.co/OTKbbMlq0m
Labour vows to reject ₦100,000 minimum wage, may resume strike Tuesday https://t.co/lTwh9q7axG
#NGAWatch🇳🇬: The IMF forecasts Nigeria’s economy is FADING INTO THE SUNSET. Tinubu’s Nigeria = LOTS OF INFLATION = MOUNTAINS OF DEBT = IN THE TANK. https://t.co/nnYW5Nll5W