• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, October 14, 2026
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

NLC threatens strike over Naira scarcity

Naira

The Matters Press by The Matters Press
March 13, 2023
Reading Time: 2 mins read
0
Experts validate Nigeria’s implementation strategies for success under AfCFTA

The Nigerian Labour Congress (NLC) has given the Federal Government a seven-day ultimatum to address the lingering naira notes scarcity or embark on nationwide strike.

RELATED POSTS

Gov. Bago’s agriculture initiatives, helping Nigeria avert acute hunger – NDF

FG’s fuel price cap, bold move in line with global efforts to mitigate effects of Middle East conflict* -TMSG

Naira’s ranking among Africa’s strongest currencies, reflective of President Tinubu’s economic policies

NLC President, Mr Joe Ajaero, said this at an emergency Central Working Committee meeting on Monday in Abuja.

Ajaero said that Nigerians were suffering as a result of the Central Bank of Nigeria’s (CBN) cashless policy.

He therefore threatened to ask workers to withdraw their services across the country if the issue was not resolved in the next seven days.

According to him, first, it’s apparently difficult for us to assess the little money we have in banks and Nigerians are groaning. This is the same money they were asked to pay into the banks.

“We are also aware that it’s difficult to get Petroleum products and where you see it, a litre costs N350 in some parts of the country.We will no longer be quiet about this issue of perennial fuel scarcity and arbitrary increase in prices.

“On the issue of cash crunch, the NLC is giving the federal government, the agencies under it including the CBN and other banking institutions seven working days to address it.
“If they fail to do it at the expiration of the seven working days, the Congress is directing all workers in the country to stay at home because it has become very difficult to access even one Naira especially for traders who do not have bank accounts.

“We have also discovered that even when banks give out old currencies, it can’t be spent. Even when you take them back to the same banks, they’re not accepting them. We’ve been frustrated to a level that we can no longer keep quiet”, he said

On the ongoing State Council elections of the NLC, Ajaero said that some state governors were illegally interfering with the proceedings.

He also said: “In the last few days, you may also have noticed that the position of the Congress and state council election that is going on, the state governors now dictate to the NLC through the chairmen in those states.

“In the last delegate conference, we told you that such is a no-no in this dispensation,’ he said.

The NLC president also alleged that the Imo State Governor openly challenged that people should stick out for a particular candidate.

According to him, in our attempt as NLC to say such things do not happen in civilised societies, it was met with manhandling by the Governor of the state.

“They came to disrupt our election. Our state secretariat in Imo has been destroyed by thugs sent by the Governor.

“The thugs took over that place for three months.The state chairman was driven out of the state up till this moment,” he said.

On Security situation in the country, Ajaero said that the NLC would hold all political gladiators responsible as the interest of the country was paramount to all.

Tags: Naira
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria to allocate $200m for creation of agricultural service centres
Agriculture

Gov. Bago’s agriculture initiatives, helping Nigeria avert acute hunger – NDF

October 14, 2026
Stable petrol supply excites Buhari
Economy/Technology

FG’s fuel price cap, bold move in line with global efforts to mitigate effects of Middle East conflict* -TMSG

October 12, 2026
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

Naira’s ranking among Africa’s strongest currencies, reflective of President Tinubu’s economic policies

October 12, 2026
Tinubu signs amended electoral Act
Economy/Technology

Rising national revenue reflects President Tinubu’s sound financial skill, says DG TSG

October 9, 2026
Tinubu explains mission as he marks second year in office
Economy/Technology

No way President Tinubu could have retained fuel subsidy on assuming office, IMPI insists

October 7, 2026
NLC’s insistence on eating the seed and expecting a harvest is a metaphor for an absurdity
Economy/Technology

IMPI CHALLENGES ATIKU, OBI TO PUBLIC DEBATE ON SUBSIDY RESTORATION; DEMANDS ANSWERS TO CRITICAL FISCAL POSERS

October 7, 2026
Next Post
New Naira notes unavailable even as CBN campaigns for acceptance

Buhari denies defying court over banknotes

No hiding place for CBN, old N200, N500 and N1,000 still legal tender

No hiding place for CBN, old N200, N500 and N1,000 still legal tender

Recommended Stories

Death toll in building collapse hits 36 as governor sets up probe panel

Lagos gets nod for FG’s loan to complete projects

December 25, 2021
Swiss Bank expects profit of $50bn

CBN to end sale of FOREX to banks

February 12, 2022
Jaiz Bank expands with new branches

ABCON urges CBN to curb depreciation of Naira

July 31, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Gov. Bago’s agriculture initiatives, helping Nigeria avert acute hunger – NDF
  • FG’s fuel price cap, bold move in line with global efforts to mitigate effects of Middle East conflict* -TMSG
  • Naira’s ranking among Africa’s strongest currencies, reflective of President Tinubu’s economic policies

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us