NLC suspends planned strike against naira scarcity

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended their planned strike earlier slated for Wednesday over the unavailability of naira notes.

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

Presidents of NLC, Joe Ajaero and 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.

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

The NLC president said a committee has been set up to monitor situations in banks and report to it at the end of the two weeks extension.

The Labour unions had planned to begin a nationwide indefinite strike from tomorrow, picketing of CBN offices across the country over the cash crunch that had brought untold hardships to Nigerians and businesses.

Iwok Iniobong

With years of experience in Nigerian journalism, Iniobong Iwok has built a reputation for deep political insight, compelling storytelling, and consistent, fact-driven reporting. Over the years, he has gained extensive experience reporting and writing incisive political analysis. Iniobong has interviewed key political figures across Nigeria and covered major national events, including the 2019 and 2023 general elections. A versatile journalist, he also has strong experience in education reporting and sector analysis. His work reflects a deep commitment to good governance and public accountability. Iniobong holds a B.Sc. in Sociology from the University of Ilorin and an M.Sc. in Sociology (Development Specialisation) from Lagos State University.