CBN: In order to prevent picketing over cash shortages, Issa Aremu, the director-general of the Michael Imoudu National Institute of Labour Studies (MINILS), Ilorin, has encouraged the Central Bank of Nigeria (CBN) to communicate with the Nigeria Labour Congress (NLC).
On the eve of the interfaith prayer held to commemorate the institute’s 40th anniversary, Mr. Aremu made the appeal on Thursday in Ilorin.
The head of MINILS stated that the NLC’s picketing of the top bank should have been avoided and prevented and advised CBN to resolve all NLC issues.
He claims that the labor union’s threat to picket the CBN is unprecedented. He said the CBN should employ all available tools to guarantee monetary stability in the nation.
A labor leader named Mr. Aremu remarked that depositors had experienced significant difficulty as a result of the CBN’s financial policy. He argued that CBN needed to be more open and interactive and consider how its overall policies would affect the expansion and development of the country’s economy.
The policy’s implementation for Nigerians has a limited window of time, he added, and it also calls for widespread awareness-raising and sensitization.
The Anchor Borrowers Program of the CBN, which Mr. Aremu praised, “provides loans (in kind and cash) to smallholder farmers, which has enhanced agricultural production, notably rice,” he noted.
He claims that the labor union’s threat to picket the CBN is unprecedented. He said the CBN should employ all available tools to guarantee monetary stability in the nation. A labor official named Mr. Aremu stated that depositors had experienced a lot of…