You see there are limits to how much you can punish or inflict pain on a people before they rise and revolt.
The Central Bank of Nigeria is pushing Nigerians and when they get to the edge they could react.
How are the people supposed to survive in a nation where the economy is failing, with the scarcity of a devalued Naira spicing things up?
These and many more reasons have led to the Nigerian Labour Congress calling on the government to address the situation.
The Nigeria Labour Congress (NLC) has expressed deep concern over the ongoing cash crunch that has gripped the Nigerian economy.
They are sounding a serious warning that the government should consider.
Invitation To Violence
The labour union is saying that the current cash crunch situation may invite people to violence if not checked.
This is according to a statement credited to the NLC President Joe Ajaero.
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Ajaero said: “The current state of affairs is particularly worrisome, as the nation approaches the festive season.
“We are worried that the government’s insensitivity towards the people is growing by the day.
“There is a limit to how much the government can trample on the patience of Nigerians, inflict pains on them, and expect peace.
The government is gradually forcing Nigerians into revolt by continuously taking actions that deny them basic access to survival,” NLC said.
These economic challenges must be addressed to prevent further hardship for the already suffering Nigerian populace.
The NLC said Nigerians were spending more time in the banks trying to source for cash.
“This is not good enough and may discourage the citizenry from participating actively in banking.
Cash Crunch Is Reducing The Value Of Our Income
“It is shameful that Nigerians would have to spend a lot of money to gain access to their hard-earned income.
“We are creating another avenue for the POS operators and their bank collaborators to fleece Nigerians.
“Subjecting us again to spend our meager salaries buying our money automatically devalues our income.
POS operators currently charge around ₦400 to access ₦10,000.
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“This is about a 4% reduction in the value of the income of poor Nigerians who hardly make use of electronic platforms for transactions.
“Foisting cash crunch on already impoverished citizens amounts to gross insensitivity and double jeopardy.
“This cash crunch is indeed another test of the already worn patience of Nigerian masses and workers,” it said
