Nigerian economy - a turbulent period ahead Not so long ago Nigerian economists were claiming Nigeria would be immune from the world financial meltdown. Now the Nigerian economy is being hit very hard as the world economy is pushed more and more into recession. The dramatic fall in the price of oil is having a devastating impact on Nigeria's finances and the coming period will see this translated into even greater suffering for the working masses.
Yar'Adua’s Seven Point Agenda: any hope for the Nigerian people? The present Yar'Adua administration in Nigeria elaborated a so-called "Seven Point Agenda" as it came into office. None of its goals have been achieved and will not be achieved on the basis of the present capitalist economic set up.
Nigeria: Lagos doctors go on strike over low wages The crisis in Nigeria is affecting all layers of society. Significantly the Lagos doctors have taken a decision to embark on militant strike action for better wages, but also better and cleaner working conditions.
The abyss facing Nigeria in the face of the growing world crisis of capitalism Just a few months ago all the talk was of Nigeria avoiding the effects of the world crisis of capitalism, the idea being that the local economy was not as integrated into the world financial markets as the more advanced economies. Then suddenly things started to change...
Nigerian Union of Teachers’ Strike: the beginning of a wider movement? A major teachers' strike has broken out in Nigeria over the question of a Teachers' Salary Scale. What is significant is that 88% of the population is backing the strike. This fact alone reveals the real feelings of the Nigerian working class and poor masses. It reveals the potential for a much wider movement involving the whole of the working class.
Global Food Crisis: Any way out for Nigeria? Nigeria, like all countries, is being affected by the sharp increase in food prices. Now the government, floating on the huge amounts of petrodollars coming into the country, has ordered 500,000 tons of rice to flood the Nigerian market in an attempt to get the price down. But will this solve the problem?
Impending world economic crisis: how will it affect Nigeria? In spite of the bulk of the population being employed in agriculture, the main source of revenue for the Nigerian state is the export of oil. At the moment a lot of money is coming in, and yet poverty and income inequality have never been so high. When the US recession finally hits Nigeria it will have a tremendous impact on the political life of the country.
Hunger in Nigeria According to official figures Nigeria is booming, thanks mainly to the sky-high price of oil. And yet poverty levels are increasing and the gap between rich and poor has never been so high. There is a lot of talk of boom, but more and more people are literally becoming hungry, some on the verge of starvation.
Nigeria 2008 May Day Celebrations - consistent betrayal of union leadership took its toll May Day in Nigeria this year came after a series of rotten deals between the trade union leaders and the bosses in many companies. That explains why the turn-out was not as high as in previous years. In spite of this, the union leaders came under such pressure that they have been forced to call a day of action for May 8.
The Nigerian judiciary and electoral fraud Last year's elections in Nigeria saw fraud on a scale never seen before. This has severely undermined the authority of the government in the eyes of the masses, so much so that the judiciary are now overturning some of the results. This has led to illusions that the judiciary is now a friend of democracy and even "revolutionary". Nothing could be further from the truth.
Niger Delta: the bankruptcy of individual terrorism and the historical crisis of capitalism This article, written this summer, highlights the material and human devastation provoked by the oil barons in Nigeria. They have sucked out billions of dollars from the Niger Delta region without any benefit accruing to the poor masses that inhabit the regions. That explains the violence and constant conflict. It is an utter condemnation of the Nigerian bourgeoisie that is totally incapable of solving any of the pressing problems facing the masses.
Nigeria: General strike is called off at same point as previous: “When it is a question of Power” Once again, just as the general strike was starting to have an effect, the leaders of the Nigerian trade unions called it off. The regime was on its knees, but it has survived thanks to the unwillingness of the trade union leaders to go all the way. It highlights the need for a genuine fighting leadership. The Marxists can play an important role in building this.
When Labour Shut Down Nigeria! The contradictions and tensions in Nigerian society have exploded and the class struggle is back firmly on the agenda. Nationwide strike action has been called to battle government proposals to raise petrol prices, increase the VAT, and sell two state-owned refineries. After two days of solid support for the strike, the struggle continues.
Nigerian workers on the march again: General Strike Commences Less than a month ago the present government of Nigeria was brought into office on the basis of blatant and massive fraud in the elections. We predicted it would be a weak regime with no real base in society. Faced with a general strike this regime has already been forced to make concessions. But it is only playing for time.
Where is Nigeria Going? The recent elections in Nigeria were blatantly rigged, but the nature of the official opposition – as corrupt as the clique in power – means the masses have no clear point of reference to rally round. In this situation the responsibility of the leaders of the labour movement is enormous. If they gave a lead the masses would rally behind them and it would mean the end of this regime and the beginning of the struggle for socialism.