Afriupdate News
Wednesday, June 18, 2025
  • Home
  • NewsNew
    • Headlines
    • Africa
    • Nigeria
    • National
    • World
    • Politics
  • Life
    • Beauty
    • Culture
    • Entertainment
    • Events
    • Fashion
    • Food
    • Health & Wellness
    • Love and Relationships
    • Travel and Places
    • Music
    • TV Series
    • What’s New
  • Sports
    • Boxing
    • Football
    • Tennis
    • Other Sports
  • Business
    • Insurance
  • Technology
    • Social media
    • Gadgets
  • Features
    • Guide & Tips
    • Jobs
    • Scholarship
    • Reviews
    • Opinion
  • Submit a News TipGot Tips?
GET NEWS ALARTS
No Result
View All Result
Wednesday, June 18, 2025
Afriupdate News
No Result
View All Result
Afriupdate News
No Result
View All Result
ALERTS
  • News
  • Headlines
  • Sports
  • Business
  • Features
  • Life
  • Sports
  • Technology
ADVERTISEMENT
Home News

NLC gives FG 7-day ultimatum to address cash crunch

Abraham by Abraham
March 13, 2023
in News
0
NLC gives FG 7-day ultimatum to address cash crunch
Joe Ajaero

NLC plans to order workers to sit at home if in seven days the Federal Government fails to address current cash crunch.

Its President, Mr Joe Ajaero, made the declaration on Monday in Abuja at the end of an emergency meeting of the Central Working Committee of the NLC.

He noted that Nigerians had suffered enough from the cashless policy of the CBN.

“The NLC is giving the Federal Government and agencies under it, including the CBN and other banking institutions seven working days to address the cash crunch.

MORE FROM AFRIUPDATE

Naira’s stability is paramount.Photo: Leadesrship

Nigeria’s inflation ends 2023 at 28.9% as naira anxiety worsens outlook

January 16, 2024
Olayemi Cardoso

Nigeria Stock market investors gain N13 trillion in one year

January 1, 2024
Godwin Emefiele

How Emefiele, others stashed billions in 593 accounts in US, UK, China – Report

December 22, 2023
CBN governor, Olayemi Cardoso

CBN assures Nigerians of better inflation, exchange rates in 2024

December 15, 2023
ADVERTISEMENT

“If they fail to do so at the expiration of the seven working days, the Congress is directing all workers in the country to stay at home.

“This is because it has become very difficult to access even one naira, especially by traders who do not have bank accounts.

“We have also discovered that even when banks give out old currencies, they cannot be spent. Even when you take them back to the same banks, they do not accept them.

“We have been frustrated to a level that we can no longer keep quiet,’’ Ajaero said.

ADVERTISEMENT

The NLC president also lamented difficulties being experienced at petrol stations.

“At fuel stations where there is petrol, it sells for as much as N350 a litre in some parts of the country.

“We will no longer be quiet about this issue of perennial fuel scarcity and arbitrary increase in prices,’’ he said.

On the on-going state council elections of the NLC, Ajaero said some state governors were interfering with the process.

“Some state governors now dictate to the NLC through the chairmen in those states,’’ he said.

He alleged that a governor in one of the states in the Southeast openly campaigned that NLC members should vote for a particular candidate.

He explained that NLC’s attempt to resist the approach was met with the manhandling of its officers by hoodlums engaged by the state government.

“They disrupted our election in that state. Our state secretariat has been destroyed by thugs sent by the governor.

“The thugs took over that place for three months. The state chairman of the NLC was driven out of the state,’’ he said.

Follow our socials Whatsapp, Facebook, Instagram, Twitter, and Google News.

Related topics: CBNJoe AjaeroNLC
ShareTweetSendShare
ADVERTISEMENT
Next Post
CBN Breaks Silence, Says Old N200, N500, N1,000 Notes Remain Legal Tender Till Dec 31

CBN Breaks Silence, Says Old N200, N500, N1,000 Notes Remain Legal Tender Till Dec 31

Buhari absolves self as CBN finally obeys Supreme Court order

Buhari absolves self as CBN finally obeys Supreme Court order

JAMB postpones UTME mock to March 30

JAMB postpones UTME mock to March 30

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Home
  • About Us
  • Contact us
  • Advertisement
  • Privacy Policy

© 2023 Afriupdate News. All Rights Reserved

Welcome Back!

Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
Sign Up with Linked In
OR

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • Sign Up
No Result
View All Result
  • Home
  • News
    • Headlines
    • Africa
    • Nigeria
    • National
    • World
    • Politics
  • Life
    • Beauty
    • Culture
    • Entertainment
    • Events
    • Fashion
    • Food
    • Health & Wellness
    • Love and Relationships
    • Travel and Places
    • Music
    • TV Series
    • What’s New
  • Sports
    • Boxing
    • Football
    • Tennis
    • Other Sports
  • Business
    • Insurance
  • Technology
    • Social media
    • Gadgets
  • Features
    • Guide & Tips
    • Jobs
    • Scholarship
    • Reviews
    • Opinion
  • Submit a News Tip

© 2023 Afriupdate News. All Rights Reserved