The Nigeria Labour Congress (NLC), has
threatened to demand for an increase in wages for workers if the federal
government insists on introducing the 5,000 denomination note into the
nation’s currency.
President of the congress, Abdulwaheed Omar, who issued the warning
in Abuja, said labour will be left with no choice than to ask for higher
wages, because the higher denomination will negatively affect the
purchasing power of ordinary workers.
According to him, introducing the proposed N5,000 note will
ultimately result in currency devaluation, leading to inflation and more
hardship for Nigerians.
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