Nigerian leader has announced economic measures to ease hardship as labor unions threaten protests

Nigeria’s President Bola Tinubu on Monday announced economic measures to ease growing hardship in Africa’s most populous country. (AFP)
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Updated 01 August 2023
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Nigerian leader has announced economic measures to ease hardship as labor unions threaten protests

  • Several government policies introduced by Tinubu since he took office in May have further squeezed millions of Nigerians

ABUJA, Nigeria: Nigeria’s President Bola Tinubu on Monday announced economic measures to ease growing hardship in Africa’s most populous country as labor unions threatened protests to demand more action.
Several government policies introduced by Tinubu since he took office in May have further squeezed millions of Nigerians. The government ended decades-long gasoline subsidies that Tinubu said favored the rich, but the decision has more than doubled the price of gas, causing a sharp spike in prices of food and other essential commodities.
In a state broadcast late Monday, the Nigerian leader said he understands that Nigeria’s economy is going through a “tough patch” but added the government has saved more than one trillion naira ($1.16 billion) since the subsidy was scrapped in late May. Past funds for the subsidies were “being funneled into the deep pockets and lavish bank accounts of a selected group of individuals,” he added.
“What I can offer immediately is to reduce the burden our current economic situation has imposed on all of us,” the Nigerian leader said as he announced incentives and credit facilities for businesses many of which would be implemented over the next year.
The hardship has squeezed many in the country of more than 210 million people which already had been struggling with record inflation and poverty rates. Many businesses have shut down and more Nigerians are trekking to work, unable to afford increasing transport fares.
While the doctors in Nigerian hospitals have embarked on strike to demand better welfare, Nigeria’s labor unions said they will hold protests on Wednesday to demand more actions from the government and improved social welfare programs for their members, most of whom they said now spend at least 70 percent of their salaries on transportation.
Tinubu admitted the government was not fast enough in introducing measures to cushion the effect of the subsidy removal and requested more patience from citizens.
“The federal government is working closely with states and local governments to implement interventions that will cushion the pains,” he said.
Some of the interventions, according to Tinubu, include the provision of one billion naira ($1.16 million) credit to each of 75 manufacturing companies over the next year and the provision of 125 billion naira ($145 million) in the form of grants and loans to small, medium-sized enterprises and other businesses in the informal sector.
The Nigerian leader said he has ordered the release of 200,000 metric tons of grains to households across the country to help stabilize the price of food while 225,000 metric tons of fertilizer, seedlings and other inputs are being provided to farmers. At least 200 billion naira ($232 million) would also be invested in agriculture to boost farming, he said.
Tinubu also said the government is continuing to negotiate a new salary structure with civil servants.


Near record number of small boat migrants reach UK in 2025

Updated 59 min 13 sec ago
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Near record number of small boat migrants reach UK in 2025

  • The second-highest annual number of migrants arrived on UK shores in small boats since records were started in 2018, the government was to confirm Thursday

LONDON: The second-highest annual number of migrants arrived on UK shores in small boats since records were started in 2018, the government was to confirm Thursday.
The tally comes as Brexit firebrand Nigel Farage’s anti-immigration party Reform UK surges in popularity ahead of bellwether local elections in May.
With Labour Prime Minister Keir Starmer increasingly under pressure over the thorny issue, his interior minister Shabana Mahmood has proposed a drastic reduction in protections for refugees and the ending of automatic benefits for asylum seekers.
Home Office data as of midday on Wednesday showed a total of 41,472 migrants landed on England’s southern coast in 2025 after making the perilous Channel crossing from northern France.
The record of 45,774 arrivals was recorded in 2022 under the last Conservative government.
The Home Office is due to confirm the final figure for 2025 later Thursday.
Former Tory prime minister Rishi Sunak vowed to “stop the boats” when he was in power.
Ousted by Starmer in July 2024, he later said he regretted the slogan because it was too “stark” and “binary” and lacked sufficient context “for exactly how challenging” the goal was.
Adopting his own “smash the gangs” slogan, Starmer pledged to tackle the problem by dismantling the people smuggling networks running the crossings but has so far had no more success than his predecessor.
Reform has led Starmer’s Labour Party by double-digit margins in opinion polls for most of 2025.
In a New Year message, Farage predicted that if Reform got things “right” at the forthcoming local elections “we will go on and win the general election” due in 2029 at the latest.
Without addressing the migrant issue directly, he added: “We will then absolutely have a chance of fundamentally changing the whole system of government in Britain.”
In his own New Year message, Starmer insisted his government would “defeat the decline and division offered by others.”
Conservative Party leader Kemi Badenoch, meanwhile, urged people not to let “politics of grievance tell you that we’re destined to stay the same.”

- Protests -

The small boat figures come after Home Secretary Mahmood in November said irregular migration was “tearing our country apart.”
In early December, an interior ministry spokesperson called the number of small boat crossings “shameful” and said Mahmood’s “sweeping reforms” would remove the incentives driving the arrivals.
A returns deal with France had so far resulted in 153 people being removed from the UK to France and 134 being brought to the UK from France, border security and asylum minister Alex Norris said.
“Our landmark one-in one-out scheme means we can now send those who arrive on small boats back to France,” he said.
The past year has seen multiple protests in UK towns over the housing of migrants in hotels.
Amid growing anti-immigrant sentiment, in September up to 150,000 massed in central London for one of the largest-ever far-right protests in Britain, organized by activist Tommy Robinson.
Asylum claims in Britain are at a record high, with around 111,000 applications made in the year to June 2025, according to official figures as of mid-November.
Labour is currently taking inspiration from Denmark’s coalition government — led by the center-left Social Democrats — which has implemented some of the strictest migration policies in Europe.
Senior British officials recently visited the Scandinavian country, where successful asylum claims are at a 40-year low.
But the government’s plans will likely face opposition from Labour’s more left-wing lawmakers, fearing that the party is losing voters to progressive alternatives such as the Greens.