Energy
TUC calls on FG to solve naira, fuel crises
The Trade Union Congress of Nigeria (TUC), has urged the Federal Government to find lasting solutions to the scarcity of cash and fuel currently facing the populace.
The Congress, in a statement signed by its President, Mr Festus Osifo, and Secretary General, Mr Nuhu Toro, on Tuesday, expressed worry at the twin problems and pleaded that they be resolved in the next one week.
“TUC, like the rest of the Nigerian populace, is bewildered that the country is being dragged through the twin crises of currency and fuel shortages.
“We are worried and wish to note that smaller denominations of N100 and N50 notes were not affected by the Naira redesign, but paradoxically not in circulation anywhere in the country.
“President Muhammadu Buhari needs to give a marching order to the Central Bank of Nigeria and the commercial banks to make available the legal tender, unconditionally to Nigerians without further delay, “ the union said..
It also called for the availability of petrol to fuel stations, and sale at the official price across the country.
The TUC said it would be monitoring the situation closely, urging the government to act promptly to prevent it from getting out of hand.
Recall that President Buhari had, on Friday, met behind closed doors with governors elected under the platform of the All Progressives Congress (APC) where he asked Nigerians to give him seven days to resolve the crisis associated with the Naira redesign policy introduced by the apex bank.
The Group Chief Executive Officer, Nigerian National Petroleum Corporation Ltd., Mr Mele Kyari, has also promised that there would be substantial improvement in fuel supply in the coming week.
Source – NAN
-
Business1 week agoCBN targets $12bn annual Diaspora inflows to boost FX liquidity
-
Business1 week agoSEC launches nationwide campaign to help investors recover unclaimed dividends
-
Business6 days agoNigerian AI researcher champions ethical artificial intelligence at COPA AI 2026 summit in Wales
-
Football6 days agoMessi calls Lamine Yamal World Cup final clash ‘Crazy’ after viral baby photo resurfaces
-
Business1 week agoCBN launches real-time FX tracker for BDCs, tightens oversight of FX market
-
Business7 days agoFood prices now biggest threat to inflation, beyond CBN’s reach – Analysts
-
Football1 week agoNigerians blast Super Eagles over France World Cup defeat post
-
Business1 week agoZenith Bank leads brokers’ buy ratings as analysts turn bullish on banking stocks


