Naira Scarcity: Why we are yet to hit the streets – TUC

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By Michael Oche

Trade Union Congress of Nigeria (TUC) has said despite the crisis of the scarcity of the new naira notes, it has decided to extend it earlier ultimatum to the government to allow for more consultations.

In a statement signed by its President, Comrade Festus Osifo, and Secretary General, Comrade Nuhu Toro, the Congress said despite the short comings, it has decided to give more time for the governments at Federal and State levels and the monetary institutions to return the country to normalcy as it wouldn’t want to overheat the already charged polity.

“This is more so, in ensuring that the general elections remain on course because a postponement or derailment might be quite costly for the country,” it noted.

It said the fact is that the situation has not drastically improved, explaining that there is still needless suffering by Nigerians, people, including workers and parents still find it very difficult getting money even for transportation, and, there is general hunger and anger in the land.

“With the sale of goods and services contracting, there is also the danger of the country sliding into a currency-induced recession,” the statement noted.

Furthermore, the statement reads; “The TUC would however continue its consultations and mobilization of its members and its allies in case it’s intervention on the side of the workers and masses after the general election become necessary.

“We reiterate that the country is bigger than all those who hold political or administrative power, and insist that no one, institution or group is greater than Nigeria, and none is indispensable.”