Economy And Business

CBN Urged To Dialogue With NLC On Naira Scarcity To Avoid Picketing

Advertisement
Advertisement

CBN has been urged to dialogue with NLC on Naira Scarcity to avoid picketing.

 

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.

 

ALSO: APC Female Governorship Candidate Hails INEC For Declaring Adamawa Guber Poll Inconclusive

 

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)

Advertisement
NewsOnline Nigeria

Recent Posts

  • Crime Watch

BREAKING: Popular Catholic Priest Kidnapped In South East (PHOTOS)

A popular Catholic Priest has been kidnapped in the South East.   NewsOnline Nigeria reports…

15 hours ago
  • Top Stories

UK Conservative Party Leader Kemi Badenoch Snubs Tinubu Government

UK Conservative Party Leader Kemi Badenoch has reportedly snubbed the Tinubu Government.   NewsOnline Nigeria…

15 hours ago
  • Economy And Business
  • Headline

BREAKING: Dangote, Marketers Fight Dirty Over Plots To Monopolize Oil Sector

Dangote and marketers fight dirty over alleged plots to monopolize the oil sector.   NewsOnline…

15 hours ago
  • Exchange Rates

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 7th November 2024

The black market dollar to Naira exchange rate on Thursday 7th November 2024 can be…

16 hours ago
  • Economy And Business
  • Headline

BREAKING: Father Mbaka Breaks Silence Over Famine, High Cost Of Living

Father Mbaka has reacted to the famine and high living costs in Nigeria.   NewsOnline…

16 hours ago
  • Headline
  • World

BREAKING: President Trump Vows To Carry Out Largest Deportation In History

President Trump has vowed to carry out the largest deportation in history from his first…

16 hours ago