Crowd Reducing As ATMs Dispense Both Old, New Naira Notes- NLC Reconsiders Strike

Following the threatened strike by the Nigeria Labour Congress (NLC), on Wednesdays to protests the Naira scarcity, the gradual easing could force them to retreat.

This was disclosed by the President of the NLC, Joe Ajaero yesterday, that the National Executive Council (NEC) of the Congress will be meeting on Tuesday to reassess and review cash availability across the nation and finalize its strategies.

Ajaero said the NEC of the NLC would meet tomorrow to review the situation and compliance by banks to alleviate the sufferings Nigerians are currently going through over the Naira scarcity.

He said that if the compliance level across the country is high to the extent that Nigerians can easily access their money, the NLC might suspend the nationwide strike.

A source privy to a meeting between NLC and the Central Bank of Nigeria (CBN) explained that the apex bank said it had disbursed N20 billion to banks nationwide, adding that banks in Lagos got N4 billion, while Abuja branches received N2 billion.

“We are not going to rely on what they told us that they are pushing; we all go to banks. The Director of Operations of CBN came to meet with us. They said that based on our complaints and ultimatum, they have redoubled efforts. We told them they needed to redouble their efforts to stave off our action. If they pump money consistently, then there would be no need for our actions. The Ministry of Labour will also meet with us on Monday,” the source said.