Skip to content
September 17, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Labour strike ill-timed, will impoverish Nigerians – NECA
  • Business & Economy

Labour strike ill-timed, will impoverish Nigerians – NECA

Admin June 2, 2024

Ajaero leading Labour members in a procession

Ajaero leading Labour members in a procession

The Nigeria Employers’ Consultative Association (NECA), has urged organised labour to shelve its planned indefinite strike as it could reverse the recent marginal gains on the economy.

NECA’s Director-General, Mr Adewale-Smatt Oyerinde, who made the call in a statement on Saturday, said the strike could incapacitate the private sector.

Oyerinde said that the call for strike was ill-timed and ill-advised, and would not only impoverish Nigerians, “but also escalate the already worrisome unemployment situation”.

“The call for an indefinite strike even when the Tripartite Committee has not completed its proceedings, is ill-advised.

“The committee, being a tripartite committee, with equal right and privileges, was to consult extensively and make recommendations to the President and Commander-in-Chief.

“The president’s final approval will, thereafter, be passed to the National Assembly for legislative action before the president will give assent.

“Aggrieved parties are at liberty to make representations and freely express their views at the National Assembly before a new National Minimum Wage Bill will be passed into law.

“While it is normal for parties to have divergent opinion, the President and Commander-in-Chief has the final authority.

“It is, therefore, worrisome that Organised Labour would call for an indefinite strike when these processes are yet to be concluded,“ he said.

The director-general, however, said that the Organised Private Sector of Nigeria(OPSN), would do all that was necessary, within extant legislation, to protect its interest and survival, should the strike commence.

He said that OPSN remains committed to a new national minimum wage.

He observed, however, that in the current macro-economic circumstances, the odds were greatly stacked against organised businesses with consequential effects on job security.

“It is our strong view that any amount beyond what the OPSN offered, could further escalate the already worsened health of many businesses, especially the Small and Medium Enterprises, and drive others to the precipice.

“That situation could potentially compound the bad unemployment rate and worsen the insecurity situation in the country,” he said.

Oyerinde also called on the Federal Government to fast-track the implementation of reliefs for Nigerians, while reversing, without delay, the recent hike in electricity tariff. (NAN)

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Labour strike Mr. Adewale-Smatt Oyerinde NECA OPSN

Post navigation

Previous Alake: Tinubu’s dutiful Mine Boy, by Ken Ugbechie
Next Commissioner dies in auto-crash – Governor mourns 

Related Stories

Anambra Debt: Beyond the Politics of Numbers, Where Is the March 2014 Figure? – By Prof. Chiwuike Uba
  • Business & Economy

Anambra Debt: Beyond the Politics of Numbers, Where Is the March 2014 Figure? – By Prof. Chiwuike Uba

September 17, 2026
Air Peace to NCAA: You lied about our flight delay figures
  • Business & Economy

Air Peace to NCAA: You lied about our flight delay figures

September 17, 2026
NLNG proposes new model for global gas industry: Make methane reduction a business priority
  • Business & Economy

NLNG proposes new model for global gas industry: Make methane reduction a business priority

September 16, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

South African lady bags 40 years in jail for importing 5.75kg heroin into Nigeria
  • Crime and Justice

South African lady bags 40 years in jail for importing 5.75kg heroin into Nigeria

September 17, 2026
Anambra Debt: Beyond the Politics of Numbers, Where Is the March 2014 Figure? – By Prof. Chiwuike Uba
  • Business & Economy

Anambra Debt: Beyond the Politics of Numbers, Where Is the March 2014 Figure? – By Prof. Chiwuike Uba

September 17, 2026
Redeemer’s Health Village performs first robotic assisted surgery
  • National News

Redeemer’s Health Village performs first robotic assisted surgery

September 17, 2026
Ondo ​‌‌‌⁠‍‍⁠⁠‌⁠​‌‌⁠⁠‍​‌​confirms 48 deaths, 182 cases from suspected alcohol poisoning Ondo state
  • National News

Ondo ​‌‌‌⁠‍‍⁠⁠‌⁠​‌‌⁠⁠‍​‌​confirms 48 deaths, 182 cases from suspected alcohol poisoning

September 17, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.