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Cash Crunch, Fuel Scarcity: NLC Issues Seven-Day Ultimatum To FG

Cash Crunch, Fuel Scarcity: NLC Issues Seven-Day Ultimatum To FG
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The Federal Government has been handed a seven-day deadline by the Nigeria Labour Congress (NLC) to address the country’s present cash shortage and certain areas’ petrol shortages, or face a threat of a statewide strike once the deadline expires.

NLC gives CBN, FG ultimatum to end cash crunch

Joe Ajero, the president of the NLC, said this after the central working committee meeting of the Congress on Monday. He lamented the hardships endured by Nigerian workers as a result of the Federal Government’s naira redesign policy and the ongoing fuel shortage in some areas of the nation, saying the union has been pushed to the breaking point.

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READ ALSO: El-Rufai Asserts Emefiele Introduced Naira Redesign To Help PDP Win Elections

Ajero said: “The Congress wishes to inform the Federal Government that we will no longer keep quiet to this issue of perennial fuel scarcity and arbitrary increase on petroleum products.

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“The NLC is giving the Federal Government of Nigeria, the agencies of government including the Central Bank of Nigeria and other banking institutions seven working days to address the issue of the cash crunch. If they fail to do this at the expiration of the seven days, Congress is directing all workers in the country to stay at home because it has become very difficult to access N1 to board vehicles to our workplace.”

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