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Informal sector workers decry fuel, naira scarcity

By Gloria Nwafor
14 February 2023   |   3:10 am
The Federation of Informal Workers’ Organisations of Nigeria (FIWON) has lamented how the scarcity of fuel and naira notes has engendered low productivity.

General Secretary, FIWON, Gbenga Komolafe.PIX Independent Newspaper

The Federation of Informal Workers’ Organisations of Nigeria (FIWON) has lamented how the scarcity of fuel and naira notes has engendered low productivity.

General Secretary, FIWON, Gbenga Komolafe, called on authorities to act immediately to halt the drift in the sociology-economic lives of the citizens into unprecedented suffering and contrived agony.

He said the situation has become an aggravated burden on hard working Nigerians in the informal sectors of the economy as productive activities had become very difficult and impossible.

The damage, he said could be glimpsed from the sporadic outburst of anger by helpless Nigerians recently.

Before the attacks, he said that socio-economic indicators in the informal sector had deteriorated after the COVID-19 pandemic and disastrous policies were put in place to contain the spread of the pandemic.

On the naira scarcity, the FIWON boss said the resultant financial chaos being suffered by workers in the informal sector could not be imagined.

He called on the presidency and law enforcement agencies to accelerate the arrest of bankers profiting from the present misery Nigerians are going through.

He also demanded that the Central Bank of Nigeria (CBN) make the new naira notes available and that every naira can be tracked through the commercial banks.

“Enough of this contrived suffering imposed on poor working people, who were already on edge as a result of the disastrous management of the economy in the last few decades,” he said.

Noting that the call for subsidy removal was a red herring, he called on the Federal Government to overhaul governance in the oil and gas sector.

He said the government should also root out cronyism and corruption, while investing in modular refining of petroleum products as a stopgap measure to meet domestic energy and raw materials.

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