Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended the planned strike scheduled to commence on Wednesday over the naira scarcity.

The unions had threatened to embark on a nationwide from Wednesday, March 29, 2023 if issues including the cash crunch, fuel scarcity and electricity tariff increase are not addressed by the government.

According to the NLC President, Joe Ajaero, the union after receiving briefings from its state councils in the 36 states and the Federal Capital Territory, decided to put the industrial action on hold.

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Ajaero said the NLC would resume the planned protest if naira notes become unavailable to Nigerians by the end of two weeks.

Meanwhile, the Minister of Labour and Employment, Chris Ngige and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday met with the leadership of the Congress in a last-minute attempt to avert the impending strike.

At the meeting, Emefiele said steps have been taken to disburse enough cash to the masses.