Naira scarcity: NLC makes U-turn, suspends planned nationwide strike

The Nigeria Labour Congress (NLC) has suspended their planned nationwide strike over the scarcity of naira notes.

The labour union announced the development at the end of its national executive council meeting on Tuesday.

The NLC had earlier disclosed that it would begin an indefinite industrial strike from Wednesday, March 29, 2023, adding that it would picket branches of the Central Bank of Nigeria (CBN) across the country.

Speaking on the development, Joe Ajaero, the NLC president, said the union decided to put the strike action on hold after receiving briefings from its state councils in the 36 states and the federal capital territory (FCT).

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