Naira Scarcity: NLC Threatens Nationwide Strike

Category: Nigeria News

NLC has announced plans to order workers to sit at home if, in seven days, President Muhammadu Buhari’s regime fails to address the cash scarcity.

“We have been frustrated to a level that we can no longer keep quiet,’’ NLC president, Joe Ajaero, declared in Abuja at the end of an emergency meeting of the Central Working Committee of the NLC.

“The NLC is giving the federal government and agencies under it, including the CBN and other banking institutions, seven working days to address the cash crunch. If they fail to do so at the expiration of the seven working days, the congress is directing all workers in the country to stay at home,” said the NLC president.

Mr Ajaero lamented that “it has become very difficult to access even one naira, especially by traders who do not have bank accounts” and “discovered that even when banks give out old currencies, they cannot be spent. Even when you take them back to the same banks, they do not accept them.”

The NLC president also lamented difficulties experienced at petrol stations.

“At fuel stations where there is petrol, it sells for as much as N350 a litre in some parts of the country. We will no longer be quiet about this issue of perennial fuel scarcity and arbitrary increase in prices,’’ he said.

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