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Cash Scarcity: Ngige Moves To Avert NLC’s Nationwide Strike

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The Minister of Labour and Employment, Senator Chris Ngige, Monday moved swiftly to avert the impending nationwide strike of the Nigeria Labour Congress, NLC, billed to commence on Wednesday.

Recall that the NLC had on Wednesday last week directed all its branches across the country and the affiliate unions to embark on mobilisation of members for the proposed strike due to the scarcity of naira notes that has caused untold hardships to Nigerians.

It threatened to embark on the industrial action, if the cash crunch, fuel scarcity and electricity tariff increase were not addressed.

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The NLC also advised its members to stockpile food stuffs, saying that it will occupy all branches of the Central Bank on Nigeria, CBN, nationwide and its headquarters from Wednesday.

READ ALSO: Report Banks Not Dispensing Cash To State NLC’s Office — LABOUR

However, the Minister of Labour and Employment, Senator Ngige in a bid to stop the NLC from paralysing economic activities at the nation’s apex bank, intervened in the dispute between labour and the CBN over the latter’s Naira Redesign Policy, which caused a cash crunch in the country.

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In response to the strike threat, Ngige in a statement by Olajide Oshundun, Director Press in the ministry invited the leadership of the Congress and the CBN management to a meeting in his office on Monday, to resolve their differences.

The ten-man delegation of the NLC was led by the President, Comrade Joe Ajaero and the General Secretary, Emmanuel Ugboaja while the CBN Governor, Godwin Emefiele was accompanied by two Deputy Governors, Kingsley Obiora (Economic Policy) and Ade Shonubi (Organised Private Sector).

READ ALSO: [JUST IN] Cash Scarcity: NLC, CBN Meet In Abuja

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According to the statement, Ngige in his opening remarks, refuted the allegation of the NLC that his Ministry did nothing about the matter.

He said on receiving the letter from NLC, he forwarded same to the CBN Governor before travelling out of the country for an International Labour Organisation (ILO) Governing Board meeting and directed the Permanent Secretary and Trade Union Services and Industrial Relations Department to follow-up.

He maintained that his Ministry took the necessary step by sending the letter to CBN Governor who received the letter and assured that action would be taken.

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On his part, the CBN Governor, Emefiele said when he received the letter from the Labour Ministry, he called the President of NLC to brief him on steps taken to alleviate the sufferings of the masses and equally made appointment and had a fruitful discussion with NLC president.

He said large volume of funds were made available to the deposit money banks and they were directed to open their branches on Saturdays and Sundays and that they complied under strict supervision by the CBN.

According to Emefiele, following the steps taken Nigerians have been enjoying their money.

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Earlier, Comrade Ajaero said they only got a reply to their second letter to the ministry and subsequently, an invitation to the meeting.

He said they no longer envisage any problem, since CBN has started sending cash to the banks and Nigerians were now accessing their money, acknowledging that meetings has been taking place in the spirit of good dialogue.

He, however, urged the CBN to improve on their services, regretting the information gap created in the implementation of the Naira Redesign.

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READ ALSO: NLC Protests: CBN To Flood Banks With Old Naira Notes

He said: “NLC could not have stopped CBN from taking good decisions and implementing them in the interest of the nation. If stakeholders were invited and briefed on the policy, when the people complain, NLC would explain everything to them. But in this case, the CBN did it alone.
Moreover, it is a wrong time for administering such a national policy.”

He assured that the National Executive Committee (NEC) of NLC will meet tomorrow Tuesday 28th of March, 2023 where members from states and Local Government Areas are expected to report on availability of money, after which a decision will be taken on the strike.

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The Minister, however, assured all that whether the NLC is embarking on dispute of right or dispute of Interest, the dispute has been apprehended and can only result to more dialogue and not strike.

The Minister thanked all for honouring the invitation.

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JUST IN: Tinubu Decorates New Service Chiefs

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President Bola Tinubu on Thursday decorated the new service chiefs with their respective ranks at the Council Chamber of the Presidential Villa, Abuja.

The ceremony, which began shortly after 2pm saw the President perform the decoration alongside Vice President Kashim Shettima and the spouses of the decorated officers, each dressed in their respective service uniforms.

Those decorated were General Olufemi Oluyede as the Chief of Defence Staff; Lieutenant-General Wahidi Shaibu as Chief of Army Staff; Air Marshal Kennedy Aneke as Chief of Air Staff; and Vice Admiral Idi Abbas and Chief of Naval Staff.

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The Senate had, on Wednesday, confirmed the four nominees after a two-hour closed-door screening session where they were grilled on strategies to strengthen national security and improve coordination among the armed forces.

Tinubu had earlier written the red chamber, seeking an expedited confirmation process “to ensure continuity in the nation’s security leadership.”

READ ALSO:Reps Approve Tinubu’s $2.35bn External Loan Request

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It was observed that the ceremony was attended by senior government officials, lawmakers family members of the service chiefs and top officers from the various arms of the military.

The President, Vice President and the officers’ spouses took turns pinning the new ranks on each of the decorated chiefs.

The decoration came barely one week after the Presidency announced a sweeping reshuffle in the military hierarchy.

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In the statement signed by the President’s Special Adviser on Media and Public Communication, Sunday Dare, it said the shake-up was part of efforts to inject new direction into the nation’s defence architecture.

READ ALSO:Tinubu Under Fire Over Presidential Pardon For Drug Offenders

The Chief of Defence Intelligence, Major General E. A. P. Undiendeye, retained his position.

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Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, later told our correspondent that the changes were not connected to recent rumours of a coup plot, saying, “The President acted within his authority as Commander-in-Chief. Service chiefs can be hired and fired by the President.”

On Monday, Tinubu had met privately with the new service chiefs at the Villa.

They arrived in a black Mercedes-Benz Sprinter van escorted by a green Toyota Land Cruiser, and the session lasted about 40 minutes.

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READ ALSO:FULL LIST: 175 Beneficiaries Of Tinubu’s Pardons

Presidency sources said the President charged them to take decisive action against insurgents and bandits, particularly in the North.

Last Friday’s reshuffle followed an October 19 report alleging that some officers were plotting to overthrow the government — a claim later dismissed by the Defence Headquarters as “false and mischievous.”

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The Director of Defence Information, Brigadier-General Tukur Gusau, said the alleged arrests linked to a coup were “issues of indiscipline” within the ranks, describing the report as “intended to cause unnecessary tension and distrust among the populace.”

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JUST IN: Eurozone Growth Beats Expectations In Third Quarter

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The eurozone economy grew faster than expected in the third quarter of 2025, official data showed Thursday.

The EU’s data agency said the 20-country single currency area recorded growth of 0.2 per cent over the July-September period from the previous quarter.

READ ALSO:Atiku Slams Tinubu Over U-turn On Pardon For Convicts

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The figure was higher than the 0.1 per cent forecast by analysts for Bloomberg and FactSet.

More details later…

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PHOTOS: Police Inspector, Others Die In Lagos-Ibadan Expressway Multiple-truck Crash

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At least four persons were feared dead while several others sustained injuries in a multiple-vehicle crash involving five articulated trucks on Kara Bridge, inward Mowe, along the Lagos-Ibadan Expressway on Thursday.

A police inspector attached to the Lagos State Police Command was said to be among the victims.

The Lagos State Commissioner of Police, Moshood Jimoh, who confirmed the incident on Thursday during a visit to the scene, said emergency response teams worked through the early hours to rescue victims and clear the wreckage.

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“We have a case of multiple accidents at the border between Ogun and Lagos State. Five vehicles were involved, all articulated vehicles. Precisely, three people have been rescued from the scene of the accident.

READ ALSO:Ten Feared, Others Injured In Oyo Road Accident

As early as 5 a.m., we have been on it, and we have other agencies here assisting us. We have LASTMA, the Road Safety Corps, and other security agencies,” Ishola said.

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He explained that preliminary investigations showed the crash was caused by a trailer that suffered brake failure.

At the beginning, we have a trailer that failed to brake, and it is important that everybody in charge of their vehicle ensures proper maintenance,” he stated.

The commissioner also confirmed the death of one of his officers who was part of the police advance team deployed to the scene.

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READ ALSO:41 Killed In Mexico Bus Accident

“It’s very unfortunate that we lost one of our police inspectors who came with our advance team to salvage the situation,” he said.

Ishola cautioned motorists, particularly drivers of articulated vehicles, against reckless driving, which he described as a leading cause of fatal crashes on highways.

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We want road users, especially those driving articulated vehicles, to stop this kind of recklessness. If they are not reckless in their driving habit, we won’t have this kind of accident,” he warned.

Rescue operations involving the police, Federal Road Safety Corps, Lagos State Traffic Management Authority, and other agencies were still ongoing as of press time, while efforts to remove the damaged vehicles and restore traffic flow continued.

 

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