The objective situation in Nigeria can best be described as a big time
bomb ticking at a very fast rate. The Trade Union leadership is under a
lot of pressure, as big revolts over wages and working conditions have
broken out. They are still holding back the movement qualitatively but
it is only a matter of time before it explodes on a higher level. Many
of the big companies are now directly cutting wages by as much as
40%-70%. The pressures on the lower classes are mounting by the day.
The stock exchange is always overheating. A crash is inevitable.
We are publishing an article sent to us from the Editorial Board of the Nigerian Marxist journal, the Workers' Alternative
and is to be published in the next edition of their paper. It argues
the case against the privatisation plans of the Obasanjo regime and
poses the need for planned economy in Nigeria.
The process of privatisation and increase in school fees is common the
world over. In Nigeria there are plans to impose huge increases in
university fees on students who are already finding it difficult to
cover their costs. At the same time, university staff has not been
receiving wages. At the OAU University in Ife Nigeria the workers and
the students are fighting back. The workers have been out on strike and
the students are supporting them. We are publishing a press statement
we have received from the Ife students.