• About Us
  • Home
Monday, March 27, 2023
Shaka Momodu
  • Right Of Reply
  • News
  • Politics
  • Business
  • OpEds
  • Sports
No Result
View All Result
  • Right Of Reply
  • News
  • Politics
  • Business
  • OpEds
  • Sports
No Result
View All Result
Shaka Momodu
Home News

NLC Continues their Lip-service Strike Threats Against FG on Fuel and Cash Paucity

by News Reporters
2 weeks ago
in News
0 0
0
NLC Continues their Lip-service Strike Threats Against FG on Fuel and Cash Paucity
Share on FacebookShare on Twitter

The Nigeria Labour Congress (NLC) has given the federal government a seven-day ultimatum to end the country’s gasoline and cash shortages.

Joe Ajaero, president of the NLC, gave the ultimatum during the opening session of the union’s central working committee (CWC) meeting on Monday in Abuja.

Two weeks ago, the supreme court overturned the Central Bank of Nigeria’s (CBN) redesigned naira policy due to improper scheduling and implementation.

A seven-member panel of the nation’s highest court ruled that the old N200, N500, and N1000 notes will remain legal tender through December 31, 2023.

TheCable said that in response to the court decision, several banks have begun distributing obsolete currency to consumers (over the counter and automated teller machines).

As they await an official declaration from the federal government and CBN regarding the future course of action, some Nigerians are refusing to utilize the old notes for transactions.

Ajaero, speaking at the gathering, expressed worry over the plight of Nigerians as a result of the Central Bank of Nigeria’s naira redesign strategy (CBN).

If nothing was done to ameliorate the situation within seven days, he threatened, workers would be instructed to refrain from reporting to work.

“Congress wishes to inform the federal government that it will no longer remain silent on this issue of fuel shortage and financial crunch,” he stated.

“The NLC has given the CBN and the FG seven working days to resolve the issue; if they fail to do so, all Nigerian employees must remain at home.”

Due to the approaching gubernatorial and state assembly elections, oil marketers reported last week that some areas of the country may experience a gasoline shortage until after the elections.

In portions of Abuja and other northern states, gasoline lines have reemerged following the presidential and national assembly elections.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) stated that the shortage was a result of the restrictions placed on mobility during the just finished presidential elections.

Tags: NLC
Previous Post

Why FG Upped NYSC Members’ Monthly Allowance to N33,000

Next Post

Why $743 million Backlog of Multinational Airlines’ Frozen Funds is Still Trapped in Nigeria

Next Post
Why $743 million Backlog of Multinational Airlines’ Frozen Funds is Still Trapped in Nigeria

Why $743 million Backlog of Multinational Airlines' Frozen Funds is Still Trapped in Nigeria

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

NEWS AROUND

  • OPINION | Dodgy Elections, Democracy and Divorce, By Dakuku Peterside

          Nigerian elections and Nigerian […]

  • Bandits Attack Kaduna Community, Kill Pastor, Several Others

    By Sam Kayode   Suspected Fulani bandits have […]

  • Anambra North 2023: Call Nwoye Now, Group Tasks Senator Oduah

    By Ogochukwu Isioma  The Initiative for Better […]

  • PHOTO: Oyeagwu, Zenith Bank GMD, Bags Doctorate Degree at UNN

    The post PHOTO: Oyeagwu, Zenith Bank GMD, Bags […]

  • REBUTTAL | Araraume and Purported Imo Guber Contest under Labour Party, By Uche Anyanwu

      The attention of Senator Ifeanyi Araraume has […]

  • Inciting Comments: Atiku Hails UK, Says DSS ‘Must’ Arrest Fani-Kayode

    (PRESS STATEMENT) The Presidential candidate of […]

  • OPINION | If I Were Tinubu-3: — setting a Tinubunomic’ agenda, By Segun Adeleye … (l)

      ‘When the righteous are in authority, the […]

  • Meningitis: Avoid Overcrowded, Poorly Ventilated Areas, Doctor Cautions Nigerians

    Chioma Ofoekii, a medical practitioner, has […]

  • Tuberculosis: Ignorance, poor environment leading cause of disease – Expert

    Despite the availability of its effective cure, […]

  • PDP, Adebutu Desperate to Compromise Election Materials, APC Warns INEC

    By News Agency of Nigeria The All Progressives […]

  • About Us
  • Home

© 2022 THIS REPUBLIC By Shaka Momodu

No Result
View All Result
  • Right Of Reply
  • News
  • Politics
  • Business
  • OpEds
  • Sports

© 2022 THIS REPUBLIC By Shaka Momodu

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version