NewsOnline reports that Issa Aremu, the director-general of Michael Imoudu National Institute of Labour Studies (MINILS), Ilorin, has advised the Central Bank of Nigeria (CBN) to dialogue with the Nigeria Labour Congress (NLC) to avert picketing over cash scarcity.
Mr Aremu made the call on Thursday in Ilorin on the sidelines of the interfaith prayer organised to mark the 40th anniversary of the institute.
The MINILS boss said picketing of the apex bank by labour leaders is avoidable and preventable, advising CBN to address all concerns by NLC.
According to him, it is unprecedented that the labour union is threatening to picket the CBN. He said CBN should use every means to ensure monetary stability in the country.
Mr Aremu, a labour leader, noted that depositors had been subjected to a lot of hardship over the CBN financial policy and said CBN must be more transparent and engaging and look at the overall policies impact on the growth and development of the nation’s economy.
“It also requires mass sensitisation and awareness, and there is a limited time for implementation of the policy for Nigerians,” he said.
Mr Aremu lauded the CBN’s Anchor Borrowers Programme, which he said “provides loans (in kind and cash) to smallholder farmers, which had boosted agricultural production, especially rice.”
(NAN)
President Tinubu has appointed Joseph Ikechebelu as the new acting UNIZIK VC. NewsOnline Nigeria…
FG has given 3 States and FCT a week's deadline to submit a report on…
ICC has issued arrest warrants for Netanyahu, Gallant and Deif. NewsOnline Nigeria reports that…
Nnamdi Kanu has dragged the Nigerian Government to court over a secret trial without the…
Senate has given President Tinubu swift approval for $2.2bn loan request. NewsOnline Nigeria reports…
Details of how Simon Ekpa was arrested by Finnish Authorities over violence in the South…