Labour and the Federal Government’s meeting scheduled to hold today.
The Nigeria Labour Congress on Sunday lamented the devastating impact of the forex crisis on the economy and demanded urgent stabilisation of the naira.
The NLC President, Joe Ajaero, who said this in a statement on Sunday, blamed government officials’ love for foreign luxury products for the free fall of the national currency.
Ajaero warned that the economy was at risk of “a wave of devastating consequences” if the naira failed to stabilise against the American dollar.
At the meeting, the Federal Government and the organised labour will review the implementation of the Memorandum of Understanding they signed on subsidy removal palliatives.
In a statement titled, “Urgent action to stabilise the naira amidst alarming depreciation,” the NLC president, said repercussions of the weakened currency would be felt by workers and the masses.
The NLC, in the statement signed by its president, said public officials must stop their penchant for foreign goods to check the depreciation of the naira.
Besides the statement he issued the labour leader also addressed a press conference in Abuja on Sunday.
At the press conference, Ajaero disclosed that the union had been invited to the State House by the Chief of Staff to the President, Femi Gbajabiamila, on the implementation of the resolutions on subsidy removal palliatives.
He said, “Hopefully, we may meet tomorrow (today) with the Federal Government to see whether the agreement with organised labour on the fuel subsidy removal palliatives was met or not.
“If that meeting is to be held, it will be without the Minister of Labour and Employment (Simon Lalong) because we will not be part of any meeting with the Federal Government that the Minister of Labour and Employment will attend.
“You will recall that the decision we had on the National Union of Road Transport Workers was that all parties including the police should leave the premises, pending the resolution of the dispute but that did not happen.
Therefore, any meeting we will have with the Federal Government, the minister of labour and employment will not be part of it,”
