The organized Labour has extended its one week ultimatum issued to the Central Bank of Nigeria (CBN) to put an end to the cash crunch and return normalcy to the banking operations or risk an indefinite strike action.
It will be Recalled that the Nigeria Labour Congress (NLC) and The Trade Union Congress (TUC) had last week issued the ultimatum to the CBN to end the cash crunch or meet workers on the streets and picketing of the Apex Bank’s offices in the country.
At a joint media chat in Abuja on Tuesday, Presidents of the two labour unions said the improvement in the banking transactions as witnessed in the last few days will be monitored for another two weeks to enable workers decide the next line of action.
On the issues of unending fuel scarcity and persistent increases in electricity tariff, the Labour Leaders have put the Nigerian workers on red alert for a possible nationwide strike in the nearest future.
Meanwhile the Minister of Labour and Employment, Chris Ngige, says the dispute between the Nigerian Labour Congress and the Central Bank of Nigeria over the currency redesign has been apprehended and the strike action won’t hold.
The union had vowed to protest following the cash crunch in the country that has lasted a few months.
But speaking at the 68th Ministerial Weekly Briefing in Abuja on Tuesday, Ngige recalled that a meeting between the two parties was summoned on Monday.
Speaking further, the Minister said President Muhammadu Buhari’s administration has been proactive in dealing with labour disputes and the right foundation has been laid for the incoming administration to build upon concerning salary increments.