BREAKING: NLC, TUC extend strike deadline by two weeks due to financial hardship

After discussions with its affiliate unions about the cash crisis policies, the leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) has extended the federal government’s previous two-week strike deadline.

Following a meeting with the members of the National Executive Council, the decision was made public on Tuesday.

Recall that the NLC issued a statewide strike callout on Wednesday, part of which included a plan to picket the different Central Bank of Nigeria locations.

The decision to prolong the ultimatum for an extra two weeks may have been influenced by a meeting between the NLC leadership and CBN that was called by Minister of Labour and Employment Chris Ngige.

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The cash shortage situation had significantly eased, according to NLC President Joe Ajaero, but they still needed to watch the cash disbursement through the commercial banks for another two weeks.

Festus Osifo, the president of the TUC, agreed with Ajaero’s assertions and said that the government needed to be held to a higher standard for issues like the energy tarrif and interminable lines for petrol as well as cash shortages.

According to Osifo, the CBN erred in losing the public’s trust in its monetary policy; as a result, they must win back that trust within the two-week grace period.