The NLC and TUC decided to go on strike on Monday because of the recent increase in fuel prices at the pump and the increase in electricity tariffs.
The labor movement is willing to start a nationwide strike as of September 28 and protest after the federal government failed to reverse the increase in electricity and gas prices at the pump.
The Nigerian Labor Congress and the Trade Union Congress said they would work with their branches to make the strike as effective as possible.
At a meeting in Abuja on Tuesday, the National Executive Council of the NLC, consisting of the presidents of the 36 states and the Federal Capital Territory, approved the decision of Congress’ Central Working Group last Wednesday.
The CWC had issued a two-week ultimatum to the federal government to reverse the price increase or face industrial action.
The decision was taken following the revision of the meeting between the government and the labour movement on 15 September, in which the NLC was represented by 14 of its leaders.
Reading the communiqué following the NEC meeting, NLC President Ayuba Wabba stated that the NLC had decided to reject the almost 100% increase in electricity tariffs and the increase in fuel prices “in the name of complete deregulation”.
He said the resolution was based on the two decisions, as well as other government policies, including the 7.5 percent increase in VAT and the numerous fees imposed by commercial banks on depositors without any explanation, which he said would further impoverish Nigerian workers and their families.
He said that the increase, which came in the middle of the COVID-19 pandemic, was not only out of date but also counterproductive.
The NEC also condemned the privatization of the electricity subsector.
Wabba said: “While the entire sector has been sold for about 400 billion naira, we are also surprised that the government has injected 1.5 billion naira in the past four years in addition to the amount of these important assets”.
However, the spokesman, Federal Ministry of Labour and Employment, Mr Charles Akpan, expressed that the government would soon hold discussions with the labour leaders to look into their demands.