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Naira Scarcity: NLC suspends planned nationwide strike as Emefiele bows

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended their planned nationwide strike scheduled to commence on Wednesday, March 30 over the scarcity of naira notes. The labour unions made this known at the end of their National Executive Council meeting on Tuesday, March 28.

Recall that the labour unions had threatened to embark on a nationwide from Wednesday, March 29, 2023 if the Federal government fails to resolve the lingering naira scarcity, fuel scarcity and electricity tariff increase.

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

On Monday, March 27, 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 naira crunch in the country.

Prevail Inegbenose

Prevail Inegbenose is the Chief Executive Officer (CEO), Spark Media & Entertainment Ventures, the Publisher of Spark News Daily - Nigeria's most sought-after online newspaper in Government, Politics, Sport, Entertainment and Religion. Prevail Inegbenose studied Mass Communication from the prestigious Auchi Polytechnic Auchi and graduated in 2007. He is an experienced journalist with 16 years of active and practical journalism. Prevail Inegbenose is the Lead Pastor, House of God Int'l - Rest Tabernacle, Abuja - Nigeria. Tel: 08039564796.

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