Friday, December 20, 2024 - The Nigeria Labour Congress, NLC, has urged the Federal Government to immediately wade into the issue of cash scarcity across the country.
NLC President, Mr Joe Ajaero, made this call in a communique he jointly
signed with Mr Emmanuel Ugboaja, General Secretary of NLC on Thursday in Abuja.
The communique was issued at the end of the National Executive Council,
NEC, meeting held in Owerri.
According to Ajaero, the NEC in-session had expressed concern over the
persistent cash scarcity in Nigeria, describing it as an unfortunate and
exploitative burden on the already struggling populace.
He said NEC noted that Nigerians are being forced to forfeit five per
cent of their funds each time they access cash, an unacceptable situation that
exacerbates the economic woes faced by millions.
“The impact of this on small businesses and other informal economy
operatives is huge as the situation poses serious disproportionate challenge to
the poor and struggling workers and masses.
“The NLC demands immediate government intervention to rectify this
systemic failure and protect citizens’ financial rights.
“We expect the Central Bank Governor to take steps to ensure that cash
is made available to the citizenry to enable small business transactions and
stimulate Economic growth,” he said.
The NLC boss also demanded that the tax bill currently before the
National Assembly be halted for broader consultation and meaningful engagement
with Nigerian workers.
He said that the politicisation of the bill and alienation of key
stakeholders was worrisome and robbed it of its capacity as an effective tool
to revamp the economy.
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