CBN urged to dialogue with NLC on naira scarcity to avoid picketing
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)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Olubadan lauds Tinubu on release of Oriire kidnap victims, urges rehabilitation
“As a follow-up to this development, the government must ensure that all communities bordering the National Park are fully secure,” he said.
Heading 1
Iran’s new supreme leader vows revenge over father’s assassination by U.S.-Israeli forces
“We pledge to avenge the blood of the martyred leader and all the martyrs of these two wars from the criminal and disgraced killers,” he said.
Heading 4
Trump administration subpoenas New York Times journalists over Air Force One story
The subpoenas seek to compel the reporters to testify before a federal grand jury in Manhattan.
Heading 2
Klopp agrees to replace Nagelsmann as Germany coach
Nagelsmann resigned last week as the men’s national team coach following Germany’s shocking exit from the 2026 FIFA World Cup.
Health
FG expands cancer funding, local drug production
“We are trying to domesticate expensive treatments by producing much-needed medicines locally and translating global research into action in our clinics,” he said.
Heading 3
Remi Tinubu begs Asake, Davido, Burna Boy to come rescue poor Nigerians from hunger
The first lady stated that buying exotic cars is good, but noted that the singers can still establish foundations to assist the struggling population.
