The planned two-week picketing of Central Bank of Nigeria offices nationwide by Nigeria’s Organized Labour has been postponed.
The nationwide picketing and “sit at home” order was supposed to start on March 29 on Wednesday.
Organised labour claims that the change is due to the apparent ease in the cash crunch situation brought on by the CBN Naira redesign policy. This claim was made at a joint briefing in Abuja between the President of the Nigeria Labour Congress, Joe Ajaero, and the Trade Union Congress of Nigeria, Festus Osifo.
The CBN’s release of Old Naira notes and deposit banks’ weekend operations will be monitored by teams set up by Labour, according to that party’s announcement.
The ongoing fuel shortage and the covert increase in electricity rates are lamented by Organized Labour.
The Central Bank Governor, Godwin Emiefele, and Minister of Labor and Employment Chris Ngige met with organized labour on Tuesday to discuss the upcoming protests.