The Nigeria Labour Congress (NLC) has called on the Federal Government to urgently address the issue of cash scarcity across the country.
NLC President, Joe Ajaero, in a communiqué issued on Thursday in Owerri, Imo State, described the situation as an “unfortunate and exploitative burden” on Nigerians.
Ajaero stated, “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.
“The NLC demands immediate government intervention to rectify this systemic failure and protect citizens’ financial rights.”
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He noted that Nigerians are being forced to forfeit five percent of their funds each time they access cash, an unacceptable situation that exacerbates the economic woes faced by millions.
Ajaero demanded that the” Central Bank Governor take steps to ensure that cash is made available to citizens to enable small business transactions and stimulate economic growth.”
The NLC also demanded that the tax bill currently before the National Assembly be halted for broader consultation and meaningful engagement with Nigerian workers.
Ajaero expressed concerns over the politicization of the bill and alienation of key stakeholders, which he said robbed it of its capacity as an effective tool to revamp the economy.
via: Information Nigeria
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