Monday, June 18, 2007

Nigerian government offers concessions to unions

(Reuters) - The Nigerian government has offered to reduce fuel prices and value-added tax as concessions to unions to avert a strike they have planned for Wednesday, a presidency source said on Monday.

Unions called an indefinite strike in the world's eighth largest oil exporter after the expiry of their ultimatum to the government to reverse a 10 naira (8 U.S. cents) per litre increase in fuel prices, a doubling of VAT and the privatisation of two oil refineries. They also demanded that a public sector pay rise be backdated to January 1.


Read more at Reuters Africa

No comments: