Cash Scarcity: We Will Embark On Strike In Seven Days If — NLC Warns

The Nigeria Labour COngress (NLC) has warned that the union will embark on a seven days strike action if President Buhari’s administration doesn’t address the current cash scarcity biting the economy in the next seven days.

“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 seven 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. Even when you take them back to the same banks, they do not accept them.”

“At fuel stations where there is petrol, it sells for as much as N350 a liter in some parts of the country. We will no longer be quiet about this issue of perennial fuel scarcity and arbitrary increase in prices,’’ he said.

The presidency is yet to react to this.