Breaking! NLC bemoans fuel, naira scarcity, says outcome cannot be predicted

Breaking! NLC bemoans fuel, naira scarcity, says outcome cannot be predicted


The Nigerian Labour Congress (NLC) has expressed fears over the outcome of the ongoing scarcity of fuel and naira notes across the nation.

In his welcome address at the 13th Quadrennial National Delegates Conference, the President of the union, Ayubba Wabba while condemning the developments, stated that the outcome cannot be determined by anyone.

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Recall that the Central Bank of Nigeria (CBN) in October announced that the country would redesign its currency citing the fact that most of the nation’s currencies are stuck in private hands

The CBN had also announced 31sr January as the deadline for swap of the old notes for the redesigned 1000, 500 and 200 notes

Due to inability of Nigerians to have access to the new naira notes, the apex bank extended the deadline to February 10 but the notes are not available in the banks

Worse still, POA operators had taken advantage of the unavailability of new notes in the bank to charge outrageous amount on withdrawals from their systems.

But speaking on the development, the NLC boss maintained that the country has more than enough to address the situations without leading to crisis

Wabba added that it is unfathomable for Nigerians to deposit their cash in the banks ND find it difficult to get the same money from the banks for their use.

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His words, “The election is coming at a time when many Nigerians and workers are pished to the wall due to the chaotic situations in our banks and filling stations where Nigerians queue endlessly to access new currency notes and PMS.

“We actually have more than enough to address the issues

“This is certainly not acceptable and condemnable. We have more than enough to address the two issues.

“We don’t understand the rationale where you lodge your money in the bank and getting it becomes a difficulty.

“Nobody can predict what will be the outcome of this if not quickly addressed,,” he submitted.

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