Labour Union sets up committee to engage government on recession

The Nigeria Labour Congress, NLC has inaugurated a 10 man committee to interface with the government on possible ways to rescue the nation from the current economic recession.

Inaugurating the Committee in Abuja, the NLC President, Comrade Ayuba Wabba, restated the union’s position on the sales of National Assets saying that the NLC strongly oppose the option.

Comrade Wabba who explained that the committee will engage the government intellectually on strategies to end recession, stressed that sales of Nigeria commonwealth will further impoverish the citizens.

He identified issue of tax justice, tax evasion and tax waivers as critical areas the government should reconsider in rebuilding the nation`s economy.

‘‘The NLC has taken up the responsibility of sensitizing Nigerians and also the government; we have to make the government remember that there are other alternatives to sales of National Asset”

‘‘the union will engage the government intellectually, through its normal process of street protest and we are also engaging about twenty lawyers to take it up from the legal angle ; NLC believes Nigerians should have the courage to reject this proposal over our national asset,” he explained.

The NLC President lamented that the challenge Nigeria is passing through is manmade and can be corrected.

‘‘The consequences will be more grevious if the assets are found in the hands of few,” Wabba stated.

Monetary Policy
The Labour Chairperson urged the government to re- align its fiscal and monetary policies in the face of the current challenges.

According to him, ‘‘there is the need to use the available resources to drive development process.”

Wabba called on the government to use the recovered looted funds to re-invest in manufacturing sector to kick start the economy.

‘‘Recovered looted funds should be  channel to manufacturing sector, power, road and others as it will kick start the economy and government should also block all leakages,” he said.

The NLC President however said that the congress will soon hold its organ meeting to further drive the interest of the Nigerian people.

Members of the Committee are; Dr Dipo Fashina, Prof Toye Olorode, Dr Muhammed Aminu  Aliyu, Dr Muttakka Usman, Dr Isaac Nwaogwugwu, Dr Yemisi among others.