In light of the implications of the naira redesign policy across the nation, the Nigeria Labour Congress (CBN) is anticipated to hold a National Executive Council (NEC) meeting to decide on its planned industrial action.
This happened as the national leadership of the Congress met with Chris Ngige, the minister of labor, and Godwin Emefiele, the governor of the Central Bank of Nigeria, on Monday to discuss the reprehensible development.
The Nigerian government had previously been given a seven-day deadline by the NLC to address the biting effects of the naira crunch in the nation, or face a strike.
According to Olajide Oshundun, the Labour Ministry’s Public Relations Officer, the outcome of the meeting in Abuja may indicate that the planned strike will be called off.
Ngige mentioned in his remarks that the ministry had been making important moves in relation to the development.
The situation had been improved, according to Emefiele, who confirmed that the apex bank had provided commercial banks with enough naira notes.
Ajaero, speaking on behalf of Nigerian workers, criticized the CBN for failing to inform key parties about the policy.
He regretted the information void that was brought about by the implementation of the Naira Redesign and urged the CBN to enhance their services.
“NLC could not have prevented CBN from making wise choices and carrying them out in the best interests of the country. If stakeholders were invited and briefed on the policy, NLC would explain everything to the people who complained. However, the CBN worked alone in this instance. Furthermore, the timing of the implementation of such a national policy is incorrect, according to Ajaero.
