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Home»ECONOMY»NLC, TUC suspend planned nationwide protest over Naira scarcity
ECONOMY

NLC, TUC suspend planned nationwide protest over Naira scarcity

NewsdeskBy NewsdeskMarch 28, 2023Updated:March 28, 2023No Comments2 Mins Read
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ASHENEWS reports that the Nigeria Labour Congress (NLC), and the Trade Union Congress (TUC) have announced the suspension of their planned nationwide protest scheduled to commence on Wednesday over the scarcity of Naira notes.

The Unions had threatened to embark on nationwide protest from Wednesday, against the Naira and fuel scarcity, as well as increase in electricity tariff.

However, at the end of their National Executive Council meeting on Tuesday, the unions decided to shelve the planned protest until after two weeks, if the problems are not tackled.

According to NLC President, Joe Ajaero, “the NLC decided to put on hold the planned stay-at-home directive issued to workers last week, after receiving briefings from its state councils in the 36 states and the Federal Capital Territory.

“The NLC would resume the planned protest if naira notes become unavailable to Nigerians by the end of two weeks.”

Recall that 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 on Monday.

At the meeting, Emefiele said steps had been taken to alleviate the sufferings of the masses in relation to the naira scarcity 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.

CBN Naira scarcity Nationwide protest NLC
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