The Nigerian Labour Congress (NLC) expresses apprehension over the escalating dollarization of Nigeria’s economy.
NLC President, Joe Ajaero, voiced the organization’s worries on Tuesday, highlighting the Federal Government’s passive stance on this critical issue.
During an interview on Channels Television’s Politics Today, Ajaero emphasized the troubling dependence on the dollar for transactions within the country.
He lamented the government’s apparent disregard for the impact of this trend, stating, “The issue of the dollarization of the currency is clear, and the FG is not doing anything about it.”
Despite the NLC’s concerns, Ajaero acknowledged their limitations in resolving the matter, attributing it to a policy decision made by the federal government.
“We are worried about it, but there is nothing we can do since the Nigerian government has chosen the dollar as a formal currency that will benchmark all they are doing,” he remarked.
