The possibility of a nationwide strike and picketing of Central Bank of Nigeria (CBN) branches by the Nigeria Labour Congress (NLC) seems to have been averted, thanks to successful conciliatory efforts by the Ministry of Labour and Employment. During the weekly ministerial briefing at the Presidential Villa in Abuja, Chris Ngige, the Minister of Labour and Employment, expressed optimism that the CBN’s positive response to the union’s demands would prevent the strike in the banking sector.
It should be recalled that the NLC had given the Federal Government a seven-day ultimatum to address the petrol and cash scarcity issues in the country. Failure to meet their demands would have led to the NLC commencing a nationwide strike and picketing of CBN branches, starting from Wednesday.
According to Ngige, the CBN’s response has been very positive, and this development would bring relief to Nigerian workers and their families. However, it is still unclear what specific demands the NLC had made to the CBN or how the CBN responded to those demands.
It is important to note that strikes and picketing can have significant economic consequences, causing disruptions to businesses, government operations, and the overall economy. The averted strike would, therefore, be a relief to many Nigerians, who have already been affected by the petrol and cash scarcity issues.
Although the NLC is yet to release an official statement on the matter, it is expected to meet soon to determine the next course of action. The NLC is known for advocating for the rights of workers and has a history of organizing strikes and protests to push for better working conditions and wages. Therefore, their decision would be closely watched by many Nigerians.
The news of the averted nationwide strike and picketing of CBN branches would be welcomed by many Nigerians, who are already struggling with economic challenges. It is hoped that the positive response from the CBN would be the start of a lasting solution to the petrol and cash scarcity issues in the country.
