Naira Scarcity: NLC Suspends Planned Strike By Two Weeks

Labour Unions Put On Hold Planned Strike To Demand For End to Naira Scarcity

28th March 2023 11:15 PM

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended the planned strike action over Naira scarcity by two weeks.

The strike action was scheduled to commence on Wednesday March 29.

The west African nation's labour Unions said, the action was taken to enable the monitoring of the level of the Central Bank of Nigeria (CBN) compliance on the Naira notes disbursement and availability to Nigerians.

The decision to shelve the strike action followed the reports by the Labour Centre from its monitoring teams across the 36 States and all the local government areas where the apex bank was rated on a pass mark on the level of compliance.

At a briefing in Abuja on Tuesday after the congress’ National Executive Meeting, the organised labour national president, Comrade Joseph Ajaero, revealed that the problem of Naira notes has improved on the average level.

“A day or two after we briefed you here, the CBN deputy governors came here. And we had a fruitful meeting with them. And we gave them proposals on how best to solve the problem, Immediately after that they swung into action. And they have done averagely well" said Ajaero.

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

The labour unions had threatened to embark on a nationwide from Wednesday, March 29, 2023, if issues like the cash crunch, fuel scarcity, and electricity tariff increase are not addressed by the government.