The planned two-week nationwide picketing of Central Bank of Nigeria offices by Organized Labor in Nigeria has been postponed.
Picketing and stay-at-home orders were set to go into effect nationwide on Wednesday, March 29.

The shift, according to organized labor, is the outcome of the CBN Naira redesign policy’s apparent alleviation of the cash constraint problem, which was discussed at a joint briefing in Abuja by Presidents Joe Ajaero of the Nigeria Labour Congress and Festus Osifo of the Trade Union Congress of Nigeria.

Labour announced that it will establish teams to oversee compliance with the CBN’s distribution of Old Naira notes and deposit banks’ weekend operations.

Organized Labor bemoans the ongoing shortage of gasoline and the covert increase in electricity prices.

In response to the planned protests, organized labor met with Godwin Emiefele, the governor of the central bank, and Minister of Labor and Employment Chris Ngige on Tuesday.

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