The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended their planned strike expected to commence this Wednesday by two weeks, to enable the Central Bank of Nigeria enforce full compliance by commercial banks in addressing hardship caused by scarcity of naira notes in the country
The organized labour had earlier threatened to embark on a nationwide from this Wednesday, March 29, 2023 if issues like the cash crunch, fuel scarcity and electricity tariff increase are not addressed by the Federal Government
But leadership of the labour movement after the review of the situation, during its National Executive Council meeting on Tuesday, decided to suspend the Industrial action, to ensure the hardship is fully addressed by the apex bank
NLC President, Joe Ajaero said after receiving briefings from its state councils in the 36 states and the Federal Capital Territory, the NLC decided to put on hold the planned stay-at-home directive issued to workers last week.
He however warned that the NLC would resume the planned protest if naira notes become unavailable to Nigerians by the end of two weeks.
Governor of CBN, Godwin Emefiele and Minister of Labour, Dr. Chris Ngige had earlier met with the leadership of the organized labour to prevent the strike action, with the assurance that the issue of the cash crunch and other matters raised would be addressed
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