Musbau Babatunde
The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC),Tuesday gave the Federal Government and the Central Bank of Nigeria a grace period of two weeks to further monitor the level of compliance of cash disbursement through commercial banks.
The development was sequel to consultations with affiliate members of both unions over the cash crunch policy and the response so far.
NLC President, Joe Ajaero disclosed the new resolution on Tuesday, after a meeting with their National Executive Council members.
He recalled that the NLC had issued an ultimatum to go on strike beginning from Wednesday, nationwide, part of which included a plan to picket the various branches of the Central Bank of Nigeria.
Speaking,President of the TUC, Festus Osifo also corroborated Ajaero’s position, saying there was need to benchmark the government, not just concerning scarcity of cash but the challenges associated with fuel products and unending queues, including electricity tarrif.
