Against the backdrop of persistent cash scarcity in Nigeria, the Nigeria Labour Congress (NLC) has demanded immediate government intervention to rectify the systemic failure and protect citizens’ financial rights.
The NLC, speaking after its National Executive Council (NEC) meeting in Owerri, Imo State, said it expected 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.
The meeting convened to toll out the NLC’s South East region’s Compressed Natural (CNG) Bus Services and deliberate on critical issues impacting Nigerian workers and the general populace expressed grave concern over the persistent cash scarcity in Nigeria.
The NLC President, Joe Ajaero and General Secretary, Emmanuel Ugboaja in the communique issued at the end of the meeting described the cash scarcity “as an unfortunate and exploitative burden on the already struggling populace.”
The NLC leadership lamented that Nigerians are being forced to forfeit 5% of their funds each time they access cash, stating that it was an unacceptable situation that exacerbates the economic woes faced by millions.
