Nigeria’s labour unions have intensified their criticism of the Federal Government’s policies, highlighting their adverse impact on citizens and calling for urgent economic reforms to address inflation, high exchange rates, and declining living standards.

Trade Union Congress (TUC) President Festus Osifo, during an interview on Channels TV, accused President Bola Tinubu of doubling down on policies that have worsened economic challenges. He noted that while the president’s recent media chat aimed to inspire hope, the government has failed to implement actionable strategies to mitigate inflation and stimulate economic growth.

“Our inflation analysts have repeatedly linked current economic hardships to some of these policies. The exchange rate stands at ₦1,650 per dollar on the parallel market, and inflation continues to rise. While the president promises a better tomorrow, we need concrete measures to match his optimism,” Osifo stated.

Similarly, Nigerian Labour Congress (NLC) President Joe Ajaero, in his New Year message titled “In 2025, Hope is in Our Collective Resolve,” called for the withdrawal of controversial tax reform bills currently before the National Assembly. He emphasized the need for inclusive dialogue to design a tax system that promotes national development and enjoys broad acceptance among stakeholders.

Ajaero also demanded a wage review to address the economic strain on workers, urging the government to comply with the 2024 National Minimum Wage Act. He criticized the increasing use of force in resolving industrial disputes, describing it as a threat to industrial peace.

“The government must prioritize governance that delivers tangible benefits to the people, such as access to food, healthcare, housing, education, and security,” Ajaero said. “Policies must be transparent, inclusive, and free of nepotism or strong-arm tactics.”

Both union leaders highlighted the need for social dialogue and stakeholder participation in shaping policies to foster stability and development. The NLC has scheduled a national dialogue in Ibadan later this month to discuss tax reforms and strategies for promoting economic growth.

Amid calls for improved governance, the unions pledged their commitment to advocating for workers’ rights and collaborating with the government to drive Nigeria’s development. However, they stressed that the government must take immediate steps to address the economic realities affecting citizens and ensure policies reflect fairness and inclusivity.