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HomeLabour and ProductivityCash Crunch: NLC Declares Nationwide Strike, Set to Picket CBN Branches

Cash Crunch: NLC Declares Nationwide Strike, Set to Picket CBN Branches

The President Nigeria Labour Congress, Comrade Joe Ajaero has directed workers in the country to embark on indefinite strike beginning from Wednesday next week.

He also directed that affiliate unions constituting the Nigeria Labour Congress should also be on standby for picketing exercise across all branches of the Central Bank of Nigeria CBN nationwide.
Ajaero gave the directive in Abuja while briefing journalists.
The directive followed an earlier ultimatum issued by the Central Working Committee members of the NLC last week criticising the cash swap policy of the Federal Government.

Ajaero said the decision to picket CBN branches become necessary, as the Federal Government and the CBN have not shown any commitment to address the situation.

He lamented that despite the Supreme Court order allowing the old N500 and N1000 notes to circulate with the new notes till December 31st this year, the situation appears to be getting worse as workers cannot access cash to pay fares to work, neither can they buy food for their families.

“Last week we gave an ultimatum for the review of the cash crunch bedeviling the country, but we have discovered to our dismay that as at this moment not much effort has been made to ameliorate the situation, government is still foot dragging on these issues we raised.

“Based on this, we met again this morning to review our position and resolved that by Wednesday next week all CBN branches will be picketed, workers are directed to stay at home too because people cannot eat, workers can no longer go to the office, we have been pushed to the wall, we have decided to take our destiny in our hands, we have mobilised our workers on this exercise,”Ajaero stated.

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