The Nigerian government has reportedly met two key demands of the Nigerian Labour Congress amid a strike ultimatum.
The demands are the reversal of the 40 percent deduction from the Nigeria Social Insurance Trust Fund into the national treasury and the appointment of Opeyemi Agbaje as chairman of the National Pension Commission.
Recall that last week, NLC, in a statement by its president Joe Ajaero, issued a seven-day notice to President Bola Ahmed Tinubu to shut down the economy.
The NLC’s had demanded the diversion of workers’ funds domiciled with the NSITF and the constitution of the PenCom board.
However, reports showed that the federal government has acted upon the demands.
In a letter to the NLC dated August 16, 2025, NSITF Managing Director Oluwaseun Faleye said, “No further deductions would be made from either contributions or investment proceeds.”
Reacting to the development, NLC Secretary, Christopher Onyeka confirmed the receipt of the letter, noting that its executive council will review the correspondence before deciding on the proposed strike.
“The contributions to NSITF are intended to compensate workers in the event of injury. They are not government revenue and should not be used for fiscal purposes.
“Protecting these funds is our responsibility,” he added.
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