Reported 6 months ago
As Nigeria faces record-high inflation, Africa's most populous country experienced a standstill on June 3, 2024, with electricity cuts and major airports closed due to strikes by labor unions demanding higher wages. President Bola Tinubu’s economic reforms, including ending fuel subsidies, have contributed to surging inflation. The unions seek to increase the minimum monthly wage from $20 to $336, while the government offers $40, sparking concerns about the economy's stability and sustainability of the proposed wage increase.
Source: YAHOO