TUC Tackles FG’s Serial Borrowing, Rising Cost Of Living

Obiajulu Joel Nwolu

The Trade union Congress, TUC, has faulted the Federal Government over the spike in the cost of goods and services across the country, saying it has negated the benefits of the National Minimum Wage, which some states have yet to implement.

The union also condemned the spate of external borrowings, advising the government to harness the country’s natural endowments, advising the government to avoid mortgaging the future of Nigeria.

Mohammad Yunusa, National Treasurer of TUC, and President-General of the Senior Staff Association of Statutory Corporations and Government-Owned Companies, disclosed this in an interview with journalists in Abuja, shortly after the Central Working Committee meeting on Saturday.

Yunusa also noted that members of the association condemned in strong terms the spate of kidnappings and the unbridled abductions of school children, students in tertiary institutions and travellers on Nigerian roads.

The labour leader while reading the communique signed with General Secretary urged the government to look for ways of improving the general welfare of the citizens and Nigerian workers.

He explained that this could be achieved through increased economic diversification, enhanced productivity and attraction of direct foreign investments into the country.

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Yunusa said, “CWC in-session condemns in strong terms the spate of kidnappings and the unbridled abductions of school children, students in tertiary institutions and travellers on Nigerian roads.

“We call on all levels of government to rise to their responsibilities of safeguarding the lives and property of citizens.

“We all know that a society that is not educated will not prosper because education is the backbone of development and travelling is part of education.

“CWC in session is alarmed at the rising cost of living in the country that has made minced meat of the National Minimum Wage, which some states are yet to implement.

“CWC in session vehemently detests the heavy government external borrowings to avoid mortgaging the future of Nigeria. We call on the government to look inwards to harness the country’s natural endowments.

“The bane of corruption in the society has assumed a hydra-headed level as the future of Nigerians yet unborn is being mortgaged. Where public institutions are looted and monies recovered are not properly accounted for.

“Therefore, the Federal Government of Nigeria and all citizens must genuinely confront and defeat corruption through deterrent penalties.”

Source: Punch

This post was written by Obiajulu Joel Nwolu.

The views expressed here belong to the author and do not necessarily reflect our views and opinions.

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