Business
NLC Strike: Bureau Pegs Nigeria’s Loss At N207bn
Nigeria lost about N207.408 billion to the recent strike embarked upon by organised labour to protest the removal of petroleum subsidy by government, the National Bureau of Statistics (NBS) has stated.
The NBS said its estimates were based on the Gross Domestic Product (GDP) computation to ascertain the monetary worth of the seven-day strike.
According to figures released by the Bureau Wednesday in Abuja, the Wholesale and Retail sector of the economy, which accounts for about 18 per cent of the GDP, recorded the highest loss of about N86.9 billion or about 42 per cent of the overall loss in output during the crisis.