AfriPulse
The Nigeria Labour Congress, NLC, has reiterated its resolve to direct workers to stay away from the office if the Federal Government failed to address the cash scarcity and fuel shortage in the country.
The congress stated this in a communiqué issued on Tuesday after the inaugural meeting of its Central Working Committee in Abuja on Monday.
The NLC President, Joe Ajaero, had on Monday, at the opening session of the meeting that the union would direct workers to stay at home if the Federal Government failed to resolve the cash crunch and fuel scarcity within seven days.
But a few hours after the NLC gave the ultimatum, the Central Bank of Nigeria, CBN, which had shunned the Supreme Court judgment on the new naira notes, directed banks to accept and dispense the old denominations.
Notwithstanding the new development, the congress in a statement on Tuesday said it might compel its members to withdraw their services if the government failed to make cash available within seven days.
The communiqué signed by Ajaero read, “In the period under review, three major issues have engaged the attention of the nation. They are presidential and national assembly elections; scarcity of PMS (petrol) and redesigning of the naira notes and its aftermath.
“The CWC noted that elections have been held and we have made our broad observations in an earlier statement. It reiterated its earlier statement that those with issues with the outcome of the election utilise the court to seek redress.”
The declaration by the CBN was expected to put an end to the scarcity of old and new naira notes that had inflicted pain on Nigerians but findings reveal that the naira crisis might not be over soon.
Banks are rationing old notes to their customers via over-the-counter payments with a few lenders loading their Automated Teller Machines.
Majority of the banks in Lagos, Abuja, Ogun, Kwara and other states were paying only N5,000 to each customer over the counters, while a few banks paid N10,000 only.
Source: TheStreetJournal | Read More from Thestreetjournal.org
