…Concerns over cost of living
Organised labour groups have stated that the benefits of recent economic reforms are yet to significantly improve living conditions for Nigerians. While government officials cite improvements in foreign exchange stability and investor sentiment, labour leaders argue that high living costs persist.
Rising fuel prices, electricity tariffs and food costs continue to weigh on household incomes and small businesses.
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SMEs facing operating pressure
Small and medium-sized enterprises, which account for a large share of employment, report continued difficulty managing operating expenses. Increased energy costs and logistics expenses have compressed profit margins, limiting expansion capacity.
Business owners note that although some macroeconomic indicators have stabilised, real purchasing power among consumers remains weak. This has reduced demand for non-essential goods and services.
Labour representatives argue that wage adjustments have not kept pace with inflation, affecting consumption patterns and overall economic momentum.
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Demand for targeted support
Union leaders have called for targeted interventions including tax relief for SMEs, energy cost moderation and enhanced support for domestic production.
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Economic analysts acknowledge that while structural reforms may yield long-term benefits, short-term cushioning measures may be required to support vulnerable sectors.
The debate over reform impact is expected to continue as policymakers seek to balance fiscal discipline with inclusive economic growth.
