Banks, Organised Labour Shut Down As Strike Commences Over Subsidy Removal

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The National Union Of Banks, Insurance and Financial Institutions Employees, NUBIFIE, and other affiliates of the Nigeria Labour Congress (NLC) are set for the two-day warning strike declared by the workers’ body.

The workers are downing tools to protest the escalating hardship arising from the removal of subsidy on Premium Motor Spirit (PMS), commonly known as petrol, by the Federal Government.

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The strike holds between Tuesday, September 5 and Wednesday, September 6, 2023.

This will paralyse socio-economic activities across the country, leading to a further loss for a nation struggling with its economy.

NLC President Joe Ajaero ordered the union members to commence the strike on Friday, August 31.

He said unless the government takes significant measures to alleviate the effects of the subsidy removal on Nigerians, the union would commence an indefinite strike in either 14 working days or 21 days.

The Union had previously embarked on a nationwide protest on the same issue in August 2023, with its membership comprising workers from both the public and private sectors.

NUBIFIE, in a statement released on Monday, September 4, announced its solidarity and declared that all banks would be closed on Tuesday, September 5, and Wednesday, September 6.

According to the statement, the notice aligns with the NLC’s resolution on its planned two-day strike.

Part of the statement read: “In line with the communique issued after the meeting of National Executive Council (NEC) of the Nigeria Labour Congress (NLC) held on Thursday 31 August 2023, that all affiliates should direct their members to commence two days withdrawal of services from Tuesday and Wednesday the 5 and 6 September 2023, the directive is imperative to get the needed attention of the government and warn it of its new found love of meddling in the internal affairs of unions rather than addressing the punishing economic circumstances we find ourselves in.”

The group directed its organs to comply with the directive by ensuring all members stayed off duty for the two days.

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