Skip to content
September 29, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Cash crunch: NLC directs workers to stay at home, to picket CBN offices nationwide March 29
  • National News

Cash crunch: NLC directs workers to stay at home, to picket CBN offices nationwide March 29

Admin March 23, 2023
ekiti state

Michael Ojo

March 23, 2023

The Nigeria Labour Congress (NLC) has said it would picket all Central Bank of Nigeria (CBN) offices nationwide on March 29, following the continued cash crunch.

Mr Joe Ajaero, the NLC President, said this in Abuja on Wednesday, while addressing newsmen at the end of the Congress’s Central Working Committee (CWC) meeting.

It would be recalled that the NLC’s CWC had on March 13, issued the Federal Government a seven-day ultimatum that expired on March 20 to address current cash crunch.

According to Ajaero, consequently, the CWC-in-session resolves to go into the process of actualising the one week notice.

“From Friday, there will be mobilisation of all state councils through a National Executive Council meeting.

“All unions have already been directed to mobilise all their organs and their branches. By Wednesday next week, all Central Bank of Nigeria offices nationwide will be picketed.

“All central bank, from its headquarters will be shut till further notice. Workers are directed to stay at home and join in the picketing,’’he said.

The NLC president, however, recalled that the CWC gave a one week ultimatum for the government to address immediately, among others, issues of cash crunch that was caused by the policy.

He said that as at Wednesday morning, when the CWC met again to review the situation, it discovered that not much improvement had been made.

“The situation is still almost the same. People are still buying our currency with our currencies, ‘’he said.

The NLC president noted that people could no longer access the currency, adding, “the government seems to be very adamant on this’’.

He further said that no move had been made to reduce the suffering of Nigerians.

“We call on Nigerians to understand the circumstances we are operating in. People will be telling you about the political situation.

“The political situation is self inflicted and the economic situation is worse than the political situation because people cannot eat. Workers can no longer go to office and nothing is happening.

‘So, we have been pushed to the wall having given one week and we thought they can address the situation which is still not addressed,” he said.

Ajaero added that the workers have decided to take their destiny in their hands saying, ” so comrades, the mobilisation commences immediately and when we talk of action from Wednesday, it’s total until further notice”. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: CBN Mr Joe Ajaero NLC

Post navigation

Previous NMDPRA unveils 6 new regulations for oil, gas industry
Next Election results: Aggrieved political parties file 25 petitions before Lagos tribunal

Related Stories

Tinubu arrives in Lagos this evening; to spend Independence Day honouring Abiola
  • National News

Tinubu arrives in Lagos this evening; to spend Independence Day honouring Abiola

September 29, 2026
APC donates N52m to families of 37 dead miners in Niger
  • National News

APC donates N52m to families of 37 dead miners in Niger

September 29, 2026
Denying Women Property Inheritance Attracts Four-Year Jail Term — Anambra Govt Warns
  • National News

Denying Women Property Inheritance Attracts Four-Year Jail Term — Anambra Govt Warns

September 29, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Tinubu arrives in Lagos this evening; to spend Independence Day honouring Abiola
  • National News

Tinubu arrives in Lagos this evening; to spend Independence Day honouring Abiola

September 29, 2026
43 vessels ​‌‌‌⁠‍‍⁠⁠‌⁠‍⁠‍⁠⁠⁠⁠‌​expected with petroleum products, food items, others in Lagos — NPA greater efficiency
  • Business & Economy

43 vessels ​‌‌‌⁠‍‍⁠⁠‌⁠‍⁠‍⁠⁠⁠⁠‌​expected with petroleum products, food items, others in Lagos — NPA

September 29, 2026
APC donates N52m to families of 37 dead miners in Niger
  • National News

APC donates N52m to families of 37 dead miners in Niger

September 29, 2026
Denying Women Property Inheritance Attracts Four-Year Jail Term — Anambra Govt Warns
  • National News

Denying Women Property Inheritance Attracts Four-Year Jail Term — Anambra Govt Warns

September 29, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.