By; AMOS TAUNA, Kaduna
The leadership of Northern Youth Council of Nigeria (NYCN), has called on the President Muhammadu Buhari-led government to review the national minimum wage to reflect the present economic reality Nigerians are going through.
The National President, Northern Youth Council of Nigeria, Isa Abubakar, in a statement and made available to New Nigerian, said, “It is not longer speculation that the purchasing power of naira has dropped significantly and the higher cost of foodstuff is telling on Nigerians. People are presently living from hand to mouth in Nigeria.”
The youth also called on the government of President Muhammadu Buhari to immediately take steps to see how it can intervene and ameliorate the suffering of Nigerians and give them hope of living.
The youth suggested, “It is very important as well to review the monetary policy to making sure that business men have some sort of credit loan at a very low interest rate to help sustain their bussiness, with the economic hardship on Nigerians, the economic team of Mr President must wake up and fine a solution to our economic problems.”
The statement noted that it was high time the Nigeria Labour Congress (NLC)/TUC step in favour of Nigerians, saying that their silence looks more like a compromise to the already hardship Nigerians are suffering.
The youth observed that the government’s decision to recall currency in circulation is yielding results, stressing that there are some unpatriotic elements in the society whose action is causing hardship on average citizens.
The statement added that they are now buying grains like maize, soy beans and rice at lower prices and storing in order to later sell at higher rates, saying, “This has caused skyrocketing in the price of food items.
“There is urgent need to arrest the situation as fast as possible, the relevant agencies should swing into action to avoid food crisis in the country.”