NLC, OPS Sound Alarm: Rising Inflation Looms Amid Failed Food Import Policy

Nigeria's labor union and organized private sector are warning of rising inflation due to the government's failed food import policy, citing delayed implementation of a duty waiver on imported food. The move has sparked concerns over the impact on the country's food security and economy.

The Nigeria Labour Congress (NLC) and organized private sector members have criticized the Federal Government's policy of implementing a duty waiver on imported food, citing widespread delays that are causing rising inflation. The move, aimed at reducing prices and making essential goods more affordable for Nigerians, has instead been marred by inefficiencies. As a result, both labor unions and business leaders are expressing concerns over the impact of this policy on the economy and daily life. The situation highlights the challenges faced in implementing effective policies to address food security and inflation issues.