Kwara NLC Says Unavailability Of New Naira Notes Threatening Standard Of Living

Written by on February 1, 2023

The Kwara State Council of the Nigeria Labour Congress (NLC) has expressed concern over scarcity of new naira notes in circulation. It warned that the unavailability of the redesigned nation’s currency posed threat to the standard of living of the people and the nation’s economy.

The Chairman, State Council of NLC, Comrade Aliyu Issa Ore, who said this in a statement issued in Ilorin today, added that the new notes are neither in the commerical banks nor Bureau De Change or the market.

The organized labour said the burden of hardship, which the scarcity of the new naira notes precipitated, is on the Nigeria workers. It called on the federal and state governments to address the unavailability of cash in the interest of the workers and poor masses in general.

The state NLC urged Governor AbdulRahman AbdulRazaq to liaise with the Ilorin Branch of Central Bank of Nigeria (CBN) to tackle acute shortage in the distribution of the new naira notes in the state.

Royal FM observed that customers have continued to lament the scarcity of the new naira notes despite spending several hours at the Automated Teller Machines (ATMs) of commerical banks nationwide in their bid to withdraw cash.

Many of the customers had besieged bank ATMs to avoid being caught up in the web of the deadline of CBN for Nigerians to switch from old notes to the newly redesigned currency.

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