The leadership of the Nigeria Labour Congress, NLC has said that the current cash flow in the country is not 100 per cent as expected. The NLC warned that its ultimatum to the Central Bank of Nigeria to provide sufficient cash within two weeks or risk the picketing of its offices still stands. This was contained in a statement by Vice-President of the Nigeria Labour Congress, Adewale Adeyanju, noting that the congress was monitoring the cash supply to the commercial banks by the CBN.
Naira Cash In Circulation Still Low – Nigerian Workers, NLC Says Two-Week Ultimatum To Central Bank StandsThe NLC warned that its ultimatum to the Central Bank of Nigeria to provide sufficient cash within two weeks or risk the picketing of its offices still stands.The leadership of the Nigeria Labour Congress, NLC has said that the current cash flow in the country is not 100 per cent as expected.
Adeyanju who admitted that the situation was better than what was obtained in the past few weeks, while speaking with The PUNCH added that the NLC would meet to review the ultimatum issued to the CBN in order to decide on the way forward. “So the threat for the strike is suspended for now until when the two weeks given to CBN elapses. If they cannot meet up and Nigerians are still agitating that the naira is not properly dispensed, congress will review its activities and get back to Nigerians.
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