Many of our colleagues in Budd's West African offices report that the rainy season has hit hard this year, resulting in: stoppages in cargo operations power and...
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Nigerian Strike Ends After Minimum Wage Increase Promise
Nigeria’s crippling general strike, which halted commercial activities and public services on Monday, June 4th, 2024, has been suspended. The decision follows the government’s pledge to double the minimum wage.
New Minimum Wage Announced
The current minimum wage will be doubled, bringing it to 60,000 naira (approximately €37.14 or US$40.36). While this represents a significant increase, it falls short of the unions’ initial demand of $330.00 per week to offset inflation.
Talks Continue for Final Agreement
Despite the suspension of the strike, negotiations between the government and labor unions are planned to continue on a weekly basis until a final agreement is reached.
Information provided by: Budd Nigeria (budd.nigeria@budd-pni.com)