Labour shelves planned strike, gives CBN 14 days to disburse more cash

THE Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), on Tuesday gave the Federal Government and the Central Bank of Nigeria (CBN) a grace period of two weeks to further monitor the level of compliance of cash disbursement through commercial banks.



    The development, the body said, was as a result of consultations with affiliate members of both unions over the cash crunch policy and the response from members.

    The NLC president, Joe Ajaero, disclosed that the new resolution was arrive at after a meeting with their National Executive Council members.

    Ajaero recalled that the NLC had issued an ultimatum to go on strike nationwide beginning from today, part of which included a plan to picket the various branches of the CBN.

    The president of the TUC, Festus Osifo, corroborated Ajaero’s position, stressing the importance of constantly evaluating government’s policies on availability of fuel products, electricity tarrif and other related policies.


    Harrison Edeh is a journalist with the International Centre for Investigative Reporting, always determined to drive advocacy for good governance through holding public officials and businesses accountable.

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