Business Hilights

Tracking Nigeria's Headline Business News Online


Just in: NLC gives CBN, FG seven working days to end cash crunch

Ad 2
Ad 3

The leadership of the Nigeria Labour Congress (NLC), today, Monday, March 13, 2023, issued a seven-working-day ultimatum to the Federal Government to end the cash crunch in the country.
President of the Nigeria Labour Congress, Comrade Joe Ajaero issued the ultimatum in Abuja, at the opening session of the Central Working Committee (CWC) meeting of the labour union.

Comrade Joe Ajaero, NLC President

Many Nigerians had expected the Attorney General and Minister of Justice, Mr. Abubakar Malami, who had been served the CTC of the Supreme Court judgement last Friday to act on the judgment today by directing the CBn to do the needful, but that did not happen, thus prompting the NLC to react instantly today.
Ajaero, who frowned at the difficult situation foisted on Nigerians as a result of the cash swap policy of the Federal Government, warned that on the expiration of the seven days, workers would be directed to stay away from work if nothing is done to ameliorate the situation.
The NLC president equally criticised the current fuel scarcity in the country, lamenting that workers and Nigerians are being pushed to the wall.
“On this issue of fuel scarcity and cash crunch, Congress wishes to inform the Federal Government that we will no longer keep quiet.
“NLC is giving the CBN and the FG seven working days, if they fail to do the needful at the expiration of the seven days, all workers in Nigeria should stay at home,” Ajaero stated before the meeting went into a closed-door session.

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.