BREAKING: NLC, TUC Suspends Strike Over Cash Scarcity

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have resolved to suspend their planned strike slated for Wednesday over the unavailability of naira notes.

The two Labour bodies said they would monitor the availability of cash in commercial banks for two weeks before deciding on the next line of action.

Presidents of NLC, Joe Ajaero and TUC Festus Osifo said this during a joint press conference on Tuesday in Abuja at the end of their National Executive Council meetings.

Ajaero said after receiving briefings from its State councils in the 36 States and the Federal Capital Territory, the NLC decided to defer the planned stay-at-home directive issued to workers last week.

He said the NLC would resume the planned protest if naira notes become unavailable to Nigerians by the end of the two weeks.

The NLC president said a committee has been set up to monitor situations in banks and report to it at the end of the two weeks extension.