The leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have extended their strike ultimatum it earlier issued the federal government for two more weeks, following consultations with their affiliate unions over the cash crunch policy.
The decision was announced on Tuesday, after a meeting with the National Executive Council members.
Recall that the NLC had issued an ultimatum to go on strike beginning from Wednesday, nationwide, part of which was a plan to picket the various branches of the Central Bank of Nigeria.
READ ALSO: Strike over naira scarcity won’t hold, says Ngige
It is, however, not clear whether a meeting summoned by the Minister of Labour and Employment, Chris Ngige between the leadership of the NLC and CBN prompted the decision to extend the ultimatum for an additional two weeks.
President of the NLC, Joe Ajaero had admitted that the cash crunch situation had improved considerably but that they need to monitor the compliance of cash disbursement through the commercial banks for two more weeks.
President of the TUC, Festus Osifo also corroborated Ajaero’s position, saying there was need to benchmark the government, not just concerning scarcity of cash but the challenges associated with fuel products and unending queues, including electricity tariff.
Osifo said CBN had erred in eroding the confidence of the people regarding their monetary policy, hence they need to restore the confidence within the two weeks grace period.
You may be interested
NPFL: Rangers Fall To Rivers United, Enyimba Draw Away
Webby - April 21, 2024Leaders Rangers fell to a 2-0 defeat against Rivers United in Port Harcourt on Sunday.Fidelis Ilechukwu’s side however maintained top…
Ejuke Scores Winner In Antwerp’s Win Over Cercle Brugge
Webby - April 21, 2024Chidera Ejuke was the hero as Royal Antwerp recorded a 1-0 away win against Cercle Brugge at the Jay Breydelstadion…
RR vs MI IPL Betting Preview April 22 2024: Odds, Offers, Prediction, Tips and Line Ups
Webby - April 21, 2024Top of the table Rajasthan Royals welcome Mumbai Indians to Jaipur for this IPL encounter. The home team have won…