The Nigeria Labour Congress (NLC), on Sunday, alleged that the love for foreign goods by government official is the major reason for the continous decline of the Nigerian currency, naira against the dollar and other major foreign currencies.
While lamenting the devastating impact of the forex crisis on the economy, labour congress demanded urgent stabilisation of the naira.
The NLC stated this in a statement issued by its President, Joe Ajaero, warning that the economy was at risk of “a wave of devastating consequences” if the naira failed to stabilise against the American dollar.
