Christmas Cash Crunch: Unpaid Civil Servants, Banking Limits, and the Call for Financial Reform – A Plea for a Prosperous 2024″

The Scripture says, “A laborer is worthy of his wages” 1 Timothy 5:18. So how come some civil servants with the federal and state governments were not paid their salaries before Christmas? Sadly, those with savings among them couldn’t get more than N5,000 – N20,000 daily from banks and ATMs to buy household food and dresses.

Paradoxically, our financial system cannot disburse more than N5,000 – N20,000 daily, but “currency sellers” have bundles of new N500 and N1,000 Naira notes to sell at parties.

Undoubtedly, the cash crunch, the nonpayment of salaries to a segment of public servants, and the escalating costs of goods and services made the 2023 Christmas scorecard one of the lowest recently.

I appeal to the government that by this time next year, Nigerians should be singing a new song that, for the first time in so many years, the months of November and December witnessed flawless cash flow, and the civil servants paid with a bonus to make up for the past hardships.