Organised labour lauds cbns 5 year policy thrust

It seems like you're referring to a news article or a statement from organized labor in Nigeria, praising the Central Bank of Nigeria (CBN) for its 5-year policy thrust.

Here's a possible summary:

The Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) have commended the Central Bank of Nigeria (CBN) for its 5-year policy thrust, which they believe has helped to stabilize the economy and promote growth. The labour unions, which are the umbrella bodies for organized labour in Nigeria, have been vocal in their support for the CBN's policies, particularly the monetary policy measures aimed at curbing inflation and stabilizing the naira.

The CBN's 5-year policy thrust, which was launched in 2015, has focused on promoting macroeconomic stability, improving the business environment, and enhancing financial inclusion. The policy has also aimed to reduce inflation, improve the exchange rate, and increase foreign exchange reserves.

The labour unions have praised the CBN's efforts to stabilize the economy, which they believe has helped to create jobs and improve the standard of living for Nigerians. They have also commended the CBN's efforts to promote financial inclusion, which they believe has helped to increase access to financial services for millions of Nigerians.

However, it's worth noting that the CBN's policies have not been without controversy. Some critics have argued that the bank's monetary policy measures have been too tight, which has led to a decline in economic activity and a rise in unemployment. Others have criticized the CBN's handling of the foreign exchange market, which they believe has led to a shortage of foreign exchange and a decline in the value of the naira.

Overall, the labour unions' praise for the CBN's 5-year policy thrust is a significant development, as it suggests that organized labour is generally satisfied with the bank's efforts to promote economic stability and growth in Nigeria.