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Incessant strikes: Economy killer?

The incessant strikes in Nigeria often have far-reaching consequences, including disruptions to economic activities, loss of productivity, and damage to the country’s reputation.

The government, labor unions, and other stakeholders regularly engage in negotiations to resolve disputes and avoid or minimize the frequency of strikes. However, the underlying issues that lead to these strikes often remains unresolved, resulting in the continuation of the cycle of industrial actions in Nigeria.

The recurrent strikes by various labor unions including the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) as well as academic bodies such as the Academic Staff Union of Universities (ASUU) and the Non-Academic Staff Union (NASU) have taken a severe toll on Nigeria’s already fragile economy, causing a cycle of stagnation and missed opportunities.

Sequences and Duration

These incessant strikes often center around issues such as salary increases, improved working conditions, and better funding for education sector. The grievances are often legitimate, but the sequences and duration of these strikes are alarming with grave consequences on all sectors of the economy.

Consequences

Although strike actions are possible ways the masses can express their grievances, however the consequences are better imagined. The education sector suffered most with the academic calendar consistently disrupted, while students are at the receiving end since it delays their years of graduations.

Private universities are springing up and many students now traveling overseas to study, further eroding the credibility of Nigerian degrees, discouraging potential investors in the country’s education sector.

The negative impact of strikes not only affect the public sector but also ripple through the private sector, causing widespread economic uncertainty.

It is a known fact that foreign investors are hesitant to invest in an economy where labour disputes can escalate into prolonged strikes.

More often than not, incessant strikes have caused a surge in “brain drain” a phenomenon, where talented medical professionals seek opportunities abroad due to the uncertain environment in the country.

Nigerian doctors, engineers, and academicians often choose to emigrate to countries with more stable economy and better incentives, causing a loss of valuable human capital.

Addressing Incessant Strike

Addressing the issue of incessant strikes requires a multi-faceted approach, dialogue and negotiation between labor unions, academic bodies, and the government is imperative to reach an agreement.

Constructive engagement and sincerity of purpose from both the government and the organised labour and other unions can help prevent strikes from becoming the only means of addressing grievances.

Government must prioritise funding for education, healthcare, and public services to meet the demands of the masses. Improved working conditions and fair wages can reduce the incessant strikes in the public sector.

Be that as it may, the organised labour must also strive to be realistic in their demands as the country’s economy remains fragile.

Nigeria’s economy is at a critical point, and the continued scourge of incessant strikes will only aggravate issues. It is imperative for all stakeholders: government, labor unions, and academic institutions, to come together and find lasting solutions to these issues.

The time for action is now, to break free from this crippling cycle and unleash Nigeria’s true potential as the “Giant of Africa.”

Writing by Oluwaseyi Ajibade; Editing by Julian Osamoto