ICT companies lost N159.5 billion to Strike


According to The Guardian on Tuesday 17, Jan. 2012, information technologies (ICT) companies in Nigeria account for up to N159 billion out of the N733 billion value estimated that the Nigeria economy lost to the 1 week strike. This makes ICT sector the second highest looser on  the chart after banking industry which is estimated to have lost about N400 billion to the strike.

The strike which started on 9th of  Jan. 2012 by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) due to the removal of fuel subsidy by the Federal Government of Nigeria on 1st of Jan. 2012 and was called off on 16th of Jan. 2012.

Below is the list of the affected industry:

  • Bank – N400 billion
  • ICT – N159.5 billion
  • Maritime – N96 billion
  • Aviation – N18 billion
  • Manufacturer – N10 billion

Are you also affected by this strike? Use the comment box to tell us an estimate of how much you lost.