BREAKING: Massive Protest Looms As NLC Reacts To Current Naira Scarcity In Nigeria

BREAKING: Massive Protest Looms As NLC Reacts To Current Naira Scarcity In Nigeria

The Nigerian Labour Congress (NLC) has raised concerns about the ongoing cash scarcity in the country, emphasizing that the situation has severe implications for citizens.

NLC President Joe Ajaero warned the Federal Government and the Central Bank of Nigeria that a mass public protest was imminent if steps were not taken to address the naira shortage.

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Characterizing the cash crunch as another test of the patience of Nigerians and Nigerian workers, Ajaero expressed discontent with the prevailing scarcity of the naira, deeming it unacceptable.

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“We are worried that by this action and others, the government may be inciting the people and mobilising them to seek alternative routes for protecting themselves from these perverse policies. We believe that the elastic limit of the patience of Nigerians is being breached and no government inflicts this level of pains on its citizenry and expects them to keep quiet for a long time,” Ajaero said in a statement on Tuesday.

“Forcing Nigerians into revolt by continuously taking actions that deny them basic access to survival will not augur well for our nation. This cash crunch is indeed another test of the already worn patience of Nigerian masses and workers.”

Ajaero emphasized that the NLC acknowledged the significance of a robust economy and believed it was in the nation’s interest to ensure that citizens could enjoy the festive season without unnecessary financial strain.

He urged the administration of President Bola Tinubu to take “immediate and decisive action to alleviate the cash crunch and mitigate its impact on the people.”

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