The Nigeria Labour Congress (NLC) has demanded immediate government intervention to address the persistent cash scarcity affecting citizens across the country, while also raising alarm over worsening security challenges.
NLC President Joe Ajaero, in a communique jointly signed with General Secretary Emmanuel Ugboaja on Thursday in Abuja, highlighted critical concerns emerging from the union’s National Executive Council (NEC) meeting in Owerri.
“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,” Ajaero said.
The labor leader pointed out that citizens are being forced to pay a five percent fee to access their funds, describing the situation as unacceptable.
“The impact of this on small businesses and other informal economy operatives is huge as the situation poses a serious disproportionate challenge to the poor and struggling workers and masses,” he stated.
Addressing the Central Bank of Nigeria, Ajaero said, “We expect the Central Bank Governor to take steps to ensure that cash is made available to the citizenry to enable small business transactions and stimulate economic growth.”
On the security front, the NLC cited alarming statistics showing Nigerians paid N2.23 trillion in ransom this year across 51.8 million recorded crime incidents. “Majority of the citizens who either lost their lives or were maimed as a result are workers,” Ajaero noted.
The union also addressed the situation in Edo State, where its state council secretariat was reportedly invaded.
“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,” Ajaero declared, demanding the return of confiscated properties and an end to interference in trade union activities.
Additionally, the NLC called for a halt to the tax bill currently before the National Assembly, advocating for broader consultation and meaningful engagement with Nigerian workers.
“Only through inclusive dialogue can we ensure a just and equitable tax system that benefits all citizens,” Ajaero emphasized.
The labor leader reaffirmed the NLC’s commitment to defending workers’ rights and urged citizens to maintain hope during the festive season, despite current challenges.
