RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

NLC Issues Stark Warning of Nationwide Strike Over Persistent Power Grid Failures.

Victoria Attah by Victoria Attah
February 18, 2026
in Economy
Reading Time: 2 mins read
A A
0
National Protest: NLC To Shut Down Nation Over High Cost of Living Crises
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The Nigeria Labour Congress (NLC) has escalated its criticism of the country’s chronic electricity crisis, threatening a nationwide industrial action if the federal government fails to address recurring national grid collapses and what it describes as the shortcomings of power sector privatisation.

NLC President Joe Ajaero delivered the warning on February 15, 2026, during the National Union of Electricity Employees (NUEE) Annual Conference of Women and Youth in Abuja. He condemned over a decade of privatisation, arguing it has resulted in widespread blackouts, exploitative practices, and economic hardship rather than reliable and affordable power.

AlsoRead

Nigerian Issuers Pay Up to 20% to Raise Debt in First Half of 2026

Nigeria’s FX Market Hits Record $4.4 Billion Weekly Turnover 

US Imposes 12.5% Tariff on Nigerian Exports Over Forced Labour Concerns

Ajaero highlighted that electricity generation remains stuck between 4,000 and 5,000 megawatts—levels comparable to pre-privatisation figures from the era of the Power Holding Company of Nigeria (PHCN)—despite an installed capacity of approximately 13,000–13,625 MW. Recent data from the Nigerian Electricity Regulatory Commission (NERC) for January 2026 shows an average of about 4,901 MW available for dispatch, with actual utilisation around 4,421 MWh/h, underscoring ongoing constraints in transmission, gas supply, and infrastructure.

He criticised the classification of consumers into service bands (A, B, and C), describing it as exploitative and burdensome, as households and businesses face higher tariffs without commensurate improvements in supply reliability. Ajaero rejected proposals for multi-trillion-naira subsidies or bailouts to struggling distribution and generation companies, asserting that public funds should not rescue private entities that have failed to invest adequately or deliver results.

The NLC leader called for an immediate comprehensive review of the privatisation model, including a national stakeholders’ summit involving labour unions, manufacturers, industry experts, and other parties to develop a sustainable roadmap for affordable, stable electricity. He emphasised that electricity should be treated as a fundamental right and public service rather than a profit-driven commodity.

The threat comes amid heightened grid instability in early 2026. Nigeria’s national grid experienced partial or full collapses multiple times recently, including incidents on January 23 and January 27, 2026, following a late-2025 collapse on December 29. These events have caused widespread blackouts, disrupting businesses, healthcare, and daily life, and highlighting persistent vulnerabilities such as voltage disturbances, gas supply disruptions, and inadequate maintenance.

The Association of Power Generation Companies (APGC) has echoed concerns about sector liquidity, urging an extension of subsidy frameworks beyond proposed timelines to address deep-rooted financial and operational challenges.

Ajaero’s remarks also tie into broader labour mobilisation, including recent directives for workers in the Federal Capital Territory to prepare for legal and industrial responses to wage-related issues, stressing the need for worker solidarity against exploitative policies.

As Nigeria grapples with these enduring power sector woes, the NLC’s ultimatum adds pressure on authorities to implement meaningful reforms. The coming weeks will test whether dialogue or confrontation prevails in resolving one of the country’s most pressing infrastructural and economic bottlenecks.

Tags: NLC
Previous Post

FG Targets N800 Billion in February Bond Auction, Doubling Last Year’s Offer Amid High Borrowing Costs

Next Post

Naira Gains Ground to N1,337 per Dollar in Official Market Amid Improved Liquidity.

Related News

FG Secures $1.95 Billion in World Bank Loans Amidst Debt Concerns

Nigerian Issuers Pay Up to 20% to Raise Debt in First Half of 2026

by Victoria Attah
July 28, 2026
0

Corporate borrowers and state-backed entities paid coupon rates as high as 20% to access Nigeria’s debt capital market in the...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Nigeria’s FX Market Hits Record $4.4 Billion Weekly Turnover 

by Jide Omodele
July 28, 2026
0

Nigeria’s foreign exchange market recorded its highest weekly turnover of 2026, with total transactions in the FX Spot and Derivatives...

US Imposes 12.5% Tariff on Nigerian Exports Over Forced Labour Concerns

by Victoria Attah
July 27, 2026
0

The United States has imposed a 12.5% tariff on most Nigerian exports following a Section 301 investigation that concluded Nigeria...

Fuel Subsidy Removal: Should Nigeria Continue With a Regressive Petrol Subsidy?

Petrol Climbs to N1,400 per Litre as Transport Fares Rise Across Nigeria

by Akpan Edidong
July 27, 2026
0

Petrol prices have surged to as high as N1,400 per litre in parts of Nigeria, prompting a fresh wave of...

Next Post
Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Gains Ground to N1,337 per Dollar in Official Market Amid Improved Liquidity.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

Cash Outside Banks Falls by N486 Billion to Seven-Month Low

July 28, 2026
FG Secures $1.95 Billion in World Bank Loans Amidst Debt Concerns

Nigerian Issuers Pay Up to 20% to Raise Debt in First Half of 2026

July 28, 2026

Popular Story

  • Nigeria’s Debt to China Surges by $800 Million in One Year

    31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Asian Central Banks Innovate to Safeguard Currencies Amid Global Uncertainty

    0 shares
    Share 0 Tweet 0
  • China Says All Crypto-Related Transactions Are Illegal And Must Be Banned

    0 shares
    Share 0 Tweet 0
  • Nigerian consumer inflation edges up to 11.37 pct in April – stats office

    0 shares
    Share 0 Tweet 0
  • Mobius Says Hold 10% in Gold as Currencies Will Be Devalued

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>