In a recent statement, the Trade Union Congress of Nigeria (TUC) has issued a stern warning, expressing its readiness to mobilize for a new strike if the government and the Central Bank of Nigeria (CBN) fail to promptly address the escalating cash scarcity crisis.
The TUC, represented by President Festus Osifo and General Secretary Nuhu Toro, voiced deep concern on Friday about the increasing hardships faced by Nigerians due to the scarcity of the Naira.
The labor union emphasized that the situation has left citizens at the mercy of POS operators who are imposing exorbitant charges.
In the statement, the TUC strongly urged the government and the CBN not to push the people to the brink and called for an immediate resolution to the cash scarcity issue.
The labor union emphasized that the current state of affairs is intolerable, stating that they may be compelled to explore alternative actions if a swift solution is not implemented.
“The Trade Union Congress of Nigeria has observed with growing concern the acute scarcity of our currency, the Naira, causing difficulties for citizens in accessing funds from banks and ATMs. This has forced them to resort to extortionist POS operators with inflated charges,” the statement read.
Expressing amazement at the challenges faced by citizens in obtaining the Naira, the TUC called on the Central Bank of Nigeria to address the situation urgently.
The statement further criticized the government for subjecting Nigerians to unnecessary hardships during the festive season and urged prompt and decisive action to rectify the monetary and fiscal policies.
“The Naira scarcity must end now!!! Otherwise, the TUC and its affiliates will be compelled to explore alternative options when the working people are pushed to the wall,” the statement concluded.
