The Trade Union Congress of Nigeria (TUC) urged President Bola Tinubu to intervene and direct the Central Bank of Nigeria (CBN) to address the shortage of currency in the country.
TUC expressed concern that this ongoing scarcity, caused by actions and inactions of government entities, is causing significant hardship for Nigerians.
In a statement signed by TUC President Comrade Festus Osofo and Secretary General Comrade Nuhu Toro, the labor center expressed bewilderment at the CBN’s struggle to ensure adequate currency supply for citizens and the workforce.
The statement read: “The Trade Union Congress of Nigeria has watched with growing concern, alarm and dismay the sudden, inexplicable, acute scarcity of our currency, the Naira, across the country.
“Citizens simply find it difficult to access the Naira from banks and their outlets (especially the Automated Teller Machines, ATM). Consequently, they are being forced to patronize extortionist POS operators who charge Shylock rates.
“We are amazed that the Central Bank of Nigeria is finding it extremely difficult to make our currency available to the working people and the citizens.
“To say the least, this is unfortunate and unacceptable. Nigerians have continued to be subjected to needless excruciating hardship by insensitive and heartless agents and agencies of government, whose actions and inactions are really difficult to fathom and impossible to defend.
“What is the offense of the ordinary Nigerians that they have to face so much pains and tribulations without let off, even in this solemn Yuletide season?
“The President Tinubu Administration must move pronto and decisively and for once get its monetary and fiscal policies right and working in the interest of the long-suffering people.
“This Naira scarcity must end now, otherwise, the TUC, its affiliates and our allies, would be forced to consider exploring our usual options whenever the working people are pushed to the wall.
“A stitch in time, saves nine.
Aluta Continua, Victoria Acerta.”
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