NLC Issues FG Ultimatum To Resolve Petrol, Cash Crunch

The Nigeria Labour Congress, NCL, has given a seven-day ultimatum to the federal government to put an end to the petrol and cash scarcity being witnessed across the country.

NCL president, Joe Ajaero, gave the ultimatum on Monday morning in Abuja, during the opening session of the union’s central working committee, CWC, meeting.

Recall that the supreme court had two weeks ago extended the validity of the old naira notes till December 31, 2023.

A seven-member panel of the apex court invalidated the naira redesign policy of the Central Bank of Nigeria, CBN, and held that the old N200, N500, and N1000 notes remain legal tender till the end of the year.

Speaking on the development, Ajaero expressed sadness over the situation Nigerians were passing through as a result of the naira redesign policy of the CBN.

See Also: Why Petrol Scarcity Persists – FG

He expressed fear that if nothing was done to better the situation by the end of the seven-day period, workers would be asked to stay at home.

He said, “On this issue of fuel scarcity and cash crunch, congress wishes to inform the federal government that we will no longer keep quiet.

“NLC is giving the CBN and the FG seven working days, if they fail to do the needful at the expiration of the seven days, all workers in Nigeria should stay at home.” Last week, oil marketers warned that some parts of the country may face petrol scarcity until after the upcoming gubernatorial and state assembly elections due to restriction of movement.

Obiajulu Joel Nwolu

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