We will embark on strike in seven days if Cash Scarcity is not addressed— NLC tells Buhari, Emefiele

The Nigeria Labour Congress (NLC) has announced plans to order workers to sit at home if President Muhammadu Buhari’s regime does not address the cash scarcity in seven days, aso Naija reports.

“We have been frustrated to a level that we can no longer keep quiet,’’ NLC president, Joe Ajaero, stated on Monday, March 13, 2023, in Abuja at the end of an emergency meeting of the Central Working Committee of the NLC.

He said, “The NLC is giving the federal government and agencies under it, including the CBN and other banking institutions, seven working days to address the cash crunch. If they fail to do so at the expiration of the 7 working days, the congress is directing all workers in the country to stay at home.”

Mr. Ajaero lamented that “it has become very difficult to access even one naira, especially by traders who do not have bank accounts and we discovered that even when banks give out old currencies, they cannot be spent.

However, the central trade union in the country was the Nigerian Labour Congress (NLC), which was formed in 1975 as the umbrella trade union and recognized by Decree Number 44 of 1976 as the sole representative of all trade unions in the country (see Labor Unions , ch. 3).