NLC Gives CBN Two Weeks To Circulate Naira Across Nigeria

The Nigeria Labour Congress (NLC) on Tuesday suspended its strike scheduled for Wednesday over the Naira scarcity rocking the nation.

Naija News had earlier reported that NLC threatened to begin an indefinite strike tomorrow (Wednesday).

The labour group further stated that it would picket branches of the Central Bank of Nigeria across the country.

Presidents of NLC, Joe Ajaero and Trade Union Congress (TUC), Festus Osifo said this during a joint press conference on Tuesday in Abuja at the end of their National Executive Council meetings.

Ajaero said after receiving briefings from its State councils in the 36 States and the Federal Capital Territory, the NLC decided to defer the planned stay-at-home directive issued to workers last week.

The two Labour bodies said they would monitor the availability of cash in commercial banks for two weeks before deciding on the next line of action.

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

NLC also issued a seven-day ultimatum to the Federal Government to end the petrol and cash scarcity being experienced in the country.

Earlier today, the CBN delegation led by its governor, Godwin Emefiele and the NLC leadership led by its President, Comrade Joe Ajaero, met with the Minister of Labour and Employment, Chris Ngige over a planned nationwide strike and protest.