The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have called off their planned strike for Wednesday due to a shortage of naira notes.
The labour unions announced this at the conclusion of their National Executive Council meeting on Tuesday.
Remember that labour unions threatened to go on strike nationwide on March 29, 2023 if the government did not address issues such as cash shortages, fuel scarcity, and electricity tariff increases.
According to NLC President Joe Ajaero, the NLC decided to postpone 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.
He said the NLC would resume the planned protest if naira notes become unavailable to Nigerians by the end of two weeks.
On Monday, 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 the naira crunch 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.