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“Fix Cash Scarcity Now to Ease Nigerians’ Suffering” – NLC Urges Federal Government
The Nigeria Labour Congress (NLC) has called on the Federal Government to urgently address the ongoing cash scarcity affecting citizens across the country.
This appeal came from NLC President Joe Ajaero, who, alongside NLC General Secretary Emmanuel Ugboaja, signed a communiqué issued after the National Executive Council (NEC) meeting held in Owerri on Thursday.
During the NEC session, Ajaero expressed concern over the continuous lack of cash
He described it as an unjust hardship that further burdens Nigerians who are already enduring economic difficulties.
Also, he mentioned the exploitative nature of the situation, pointing out that Nigerians are being forced to lose up to five per cent of their money every time they withdraw cash due to exorbitant fees imposed by financial institutions.
This practice, he noted, is unfair and exacerbates the financial struggles faced by millions, particularly those in the informal economy.
Ajaero stressed that small businesses and informal workers, the backbone of Nigeria’s economy, are particularly vulnerable.
Many of these businesses rely on daily cash transactions, and the persistent scarcity threatens their survival and growth.
“The impact of this on small businesses and other informal economy operatives is huge,” he explained.
The NLC is demanding immediate intervention from the government to resolve this issue and uphold the financial rights of citizens.
Ajaero specifically called on the Central Bank of Nigeria (CBN) to take decisive steps to ensure the availability of cash.
According to him, this is crucial not only for easing everyday transactions but also for stimulating economic activities across the country.
“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 stated.
It was reported that former Nigerian president Goodluck Jonathan has allegedly purchased a presidential candidate form for the 2027 elections.
It can be noted that Jonathan served as Nigeria’s president from 2010 to 2015.
This information was revealed by Sani Useni, a special assistant who made the claim. Many reacted to the news, with some expressing interest in seeing Jonathan return to power after staying relatively quiet politically since his administration ended.
However, Jonathan has not yet addressed the public or officially shared any presidential ambition.
The Christian Association of Nigeria (CAN) has reacted to the recent abduction incident in Oyo State.
It can be recalled that schools were attacked by armed men, with some teachers and students reportedly taken. Some people were also killed during the attack.
CAN cried out on behalf of the public, stating “It is intolerable, disgraceful and utterly unacceptable that Nigerian children can no longer sit safely in classrooms without the fear of being kidnapped by armed gangs.”
The organisation also stated that Nigerians are tired of constantly mourning and questioning when something will finally be done to stop the violence.
The Governor of Oyo State, Seyi Makinde, has revealed that seven teachers were abducted following a recent attack on a school in the state.
It was also shared that the number of students taken is still being investigated.
The governor further revealed that some people were killed during the attack and abduction.
He also added “With the pressure on the terrorists and the bandits in the North-West, they will keep moving southward.”
“When you have pressure in one place, we must be prepared on this side to either repel or neutralise any terrorists fleeing the pressure points.”
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