Tuesday, the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) granted the Federal Government and the Central Bank of Nigeria a two-week grace period to monitor the degree of compliance of cash disbursements through commercial banks.
The development followed consultations with affiliate members of both unions over the financial crunch policy and the current response.
Tuesday, following a meeting with their National Executive Council members, NLC President Joe Ajaero presented the new resolution.
He remembered that the NLC had issued an ultimatum for a statewide strike commencing on Wednesday, which included a plan to picket the various Central Bank of Nigeria locations.
Festus Osifo, president of the TUC, echoed Ajaero’s sentiments, stating that the government must be held accountable not only for the shortage of cash, but also for the difficulties linked with gasoline products and endless lines, as well as the energy tariff.