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  • News - North Central - FCT
  • Updated: March 28, 2023

Cash Crunch: Labour Groups Suspend Planned Strike

Cash Crunch: Labour Groups Suspend Planned Strike

NLC President, Joe Ajaero

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended their planned strike scheduled to commence on Wednesday over the scarcity of hard currency in the hands of Nigerians.

The labour unions made this known at the end of their National Executive Council meeting on Tuesday.

NLC President, Joe Ajaero said the group's have agreed to pause the planned strike after receiving briefings from its state councils in the 36 states and the Federal Capital Territory.

He said the NLC would resume the planned protest if naira notes become unavailable to Nigerians by the end of two weeks.

On Monday, the Minister of Labour and Employment, Chris Ngige and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, met with the leadership of the Congress in a last-minute attempt to avert the impending strike.

At the meeting, Emefiele said steps have been taken to alleviate the sufferings of the masses in relation to the the naira crunch in the country.

The apex bank chief said a large volume of funds was made available to the deposit money banks and they were directed to open their branches on Saturdays and Sundays and they complied under strict supervision by the CBN.

 

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