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Banks announce nationwide strike from Tuesday

Alex Omenye
Alex Omenye

Nigerians have been put on high alert as banks, telecoms, and electrical workers have decided to join the NLC strike and go on a two-day strike.

Nigerians are urged to withdraw money on Monday in order to avoid being stuck over the next two days.

Employees working in the banking, insurance, telecom, and power industries have sworn to join the NLC strike after receiving a warning from the NLC.

The protest will start on Tuesday, September 5th, 2023, and end on Wednesday, September 6th, 2023.

This is an attempt to draw the government’s attention to the nation’s escalating economic distress.

The National Union of Banks, Insurance and Financial Institution Employees directed financial institutions to suspend operations during the aforementioned period in a letter that was signed by Mohammed I. Sheikh. This instruction complies with the direction issued on August 31 by the Nigerian Labour Congress.

“The directive is imperative to get the needed attention of the government and warn it of its newfound love of meddling in the internal affairs of unions rather than address the punishing economic circumstances we find ourselves. We hereby direct all our organs to comply with this directive by ensuring all our members stay off duty for two days. Your cooperation in this regard will be appreciated,” part of the union’s memo said,” the letter reads.

The government’s inability to address the issues affecting the economy was blamed by the union of financial institutions. The union asserted that the government chose to intervene in union business rather than work to hasten the economy’s recovery.

Nigerians have undoubtedly faced more challenges as a result of the current administration’s recent initiatives. Nigerians have had to deal with greater transportation expenses, higher petrol prices, and many other issues, despite the fact that these measures were supposed to restructure the economy and help it recover.


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