Strike Costs Nigeria N7bn, Says Airport Cargo Association

Nigeria's two-day nationwide strike results in N7 billion loss, according to Airport Cargo Association, highlighting the significant economic impact of the labour strike.

The two-day nationwide strike by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) resulted in a significant economic loss, with the Airport Cargo Association estimating a loss of over N7 billion. The strike, which took place on June 3 and 4, brought government and business operations to a halt, including airport closures that affected domestic carriers.

The chairman of the Domestic Airports Cargo Agents Association (DACAA), Ikpe Nkanang, stated that the loss was substantial, given that the nation's domestic airports handle around 30 tonnes of cargo daily. He noted that a large amount of cargo was left unprocessed during the strike, which affected the income of cargo agents and the overall economy.

Nkanang emphasized that the cost of moving one kilogram of cargo is N300, and the strike resulted in a colossal loss to the cargo industry. He urged the government to quickly reach an agreement with organized labor to prevent another strike.

The strike was called off for one week on Tuesday after the federal government met with NLC and TUC representatives and pledged to accept a new minimum wage higher than N60,000. The government's prompt action helped mitigate further economic losses.

The two-day nationwide strike by NLC and TUC resulted in a significant economic loss of over N7 billion, according to the Airport Cargo Association. Airport closures affected domestic carriers, leaving a large amount of cargo unprocessed.

The cargo industry suffered a colossal loss, with the cost of moving one kilogram of cargo being N300. The strike affected the income of cargo agents and the overall economy.

The government's prompt action in meeting with labor representatives and pledging to accept a new minimum wage higher than N60,000 helped mitigate further economic losses. The strike was called off for one week on Tuesday.

The Airport Cargo Association urged the government to quickly reach an agreement with organized labor to prevent another strike and minimize economic losses. The strike highlighted the significant economic impact of labor disputes on the country.