The Nigeria Labour Congress, NLC, has called on the Federal Government to immediately intervene in the issue of cash scarcity across the country.
NLC President, Mr Joe Ajaero said this in a statement he jointly signed with Mr. Emmanuel Ugboaja, General Secretary of NLC on Thursday in Abuja.
The statement was issued at the end of the National Executive Council, NEC meeting held in Owerri.
Ajaero stated that the NEC in-session had expressed concern over the persistent cash scarcity in Nigeria, describing it as an unfortunate and exploitative strain on struggling population.
According to him, NEC noted that Nigerians are being forced to give up five per cent of their funds each time they access cash, an unacceptable situation that aggravates the economic faced by millions.
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“The impact of this on small businesses and other informal economy operatives is huge as the situation poses serious excessive challenge to the poor and struggling workers and masses.
“The NLC demands immediate government intervention to fix this systemic failure and protect citizens’ financial rights.
“We expect the Central Bank Governor to take steps to ensure that cash is made available to the citizen in enabling small business transactions and stimulate Economic growth, ”he said.
Ajaero also demanded that the tax bill currently before the National Assembly be halted for broader consultation and meaningful engagement with Nigerian workers.
He expressed concern that the politicisation of the bill and the exclusion of key stakeholders undermined its potential to serve as an effective tool to revamp the economy.
“Only through inclusive dialogue can we ensure a just and equitable tax system that benefits all citizens,” he said.
Regarding insecurity, Ajaero stated that the NEC also sounded the alarm over the deteriorating security situation in the country.
According to media reports, he said N2.23 trillion Nigerians has been paid in ransom this year alone across 51.8 million recorded crime incidents.
“This critical state of insecurity requires urgent need for the government to take decisive action to safeguard lives and property, restore public confidence, and ensure the rule of law prevails.
“Majority of the citizens who either lost their lives or are maimed as a result are workers, ”he said.
Also, on the invasion and ransacking of NLC Edo state Council Secretariat, NEC strongly condemned the actions of tie Police and the state governor in orchestrating an invasion.
“This brazen act of impunity included the ransacking of properties and the unlawful removal of items, all in a bid to impose an illegitimate leadership on the workers.
“The NEC, therefore, resolved to give the Edo State government and the Police a deadline of 14 working days, up to January 8, 2025 to vacate the secretariat.
“They should return all confiscated properties to the congress, and commit to refraining from further interference in trade union activities,” he said.
He stated that failure to comply would compel the congress to initiate unprecedented measures in defense of workers’ and trade union rights,.
“The NEC, therefore reaffirms its unwavering commitment to defending the rights and welfare of workers and the broader Nigerian populace,” Ajaero said. .
“He urged citizens to find moments of hope, resilience, and togetherness during the festive season.
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