End Naira scarcity now, TUC tells Tinubu

The Trade Union Congress (TUC) has urged President Bola Ahmed Tinubu to, “as a matter of importance, address the Naira scarcity in the country without further delay.” 

TUC, in a statement jointly signed by the president, Comrade Festus Osifo, and general secretary, Comrade Nuhu Toro, said it’s “unacceptable that Nigerians are going through excruciating hardships in the search for Naira.”

TUC said the might be forced to explore her usual option if nothing was done urgently to salvage the situation.  

The statement read in part, “The Trade Union Congress of Nigeria has watched with growing concern, alarm and dismay the sudden, inexplicable, acute scarcity of our currency, the Naira, across the country. 

“Citizens simply find it difficult to access the Naira from banks and their outlets (especially the Automated Teller Machines, A. T. M). Consequently, they are being forced to patronise extortionist PoS operators who charge Shylock rates.

“We amazed that the Central Bank of Nigeria is finding it extremely difficult to make our currency available to the working people and the citizens.

“To say the least, this is unfortunate and unacceptable. Nigerians have continued to be subjected to needless excruciating hardship by insensitive and heartless agents and agencies of the government whose actions and inactions are really difficult to fathom and impossible to defend.

“What is the offense of the ordinary Nigerians that they have to face so much pains and tribulations without let off, even in this solemn Yuletide season? 

“The President Tinubu administration must move pronto and decisively and for once get its monetary and fiscal policies right and work in the interest of the long-suffering people.

“This Naira scarcity must end now, otherwise, the TUC, its affiliates and our allies, would be forced to consider exploring our usual options whenever the working people are pushed to the wall.”