Cash Scarcity: NLC to Picket CBN offices Nationwide

 

From Victor Osula, Abuja

 

The Nigeria Labour Congress, NLC on Wednesday resolved to shut down all the offices of the Central Bank of Nigeria nationwide following the failure of the Central Bank of Nigeria, CBN, to act on the one-week ultimatum to address the cash scarcity in the country.

This was the decision taken by the NLC leadership after a meeting in Abuja.

NLC President, Joe Ajaero, who gave the directive at a press briefing at Labour House in Abuja, said the protest which starts next Wednesday, 29th March 2023, adding that the directive became imperative following the failure of the CBN to make the most of the one-week ultimatum given it to address the cash scarcity in the country.

He lamented that despite the Supreme Court order allowing the old N500 and N1000 notes to circulate with the new notes till December 31 this year, the situation appears to be getting worse as workers cannot access cash to pay fares to work, nor can they buy food for their families.