Comrade Festus Osifo, President of the Trade Union Congress (TUC), has warned that the union will go on strike if telecom tariffs are increased by 50%.
Osifo made this statement during an interview on Channels TV’s Politics Today on Thursday.
While acknowledging the rising costs faced by telecom companies, he pointed out that the main issue lies in the “slicing of foreign exchange.”
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He emphasized that the devaluation of the naira has impacted all sectors of the economy.
Osifo mentioned that the Nigeria Labour Congress (NLC) had already discussed the matter, and that it is the responsibility of the TUC’s National Executive Council (NEC) to decide on the next steps.
Osifo said, “If you know what the root cause of the problem is, why would you start looking at the symptoms? So, all the increments that we are seeing today are symptoms of the FX mismanagement.
“So, all we are asking is that let us sit down, let us look at how we can go back to that root cause because we strongly believe that if that root cause is addressed, there is no need for these symptoms to prop up.”
When asked if the union will go on strike if the federal government refuses to listen to the union, Osifo said, “Yes. Correct.”
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