The Nigeria Labour Congress (NLC)
has advised the federal government against seeking ways out of the
current economic recession through the International Monetary Fund or
external institutions.
NLC ‘s president, Comrade Ayuba Wabba gave the advice in Asaba at the weekend during the 5th national delegates’ conference of the National Union of Civil Engineering Construction, Furniture and Wood Workers(NUCECFFWW), where he maintained that the solutions to Nigeria’s economic challenges would be through home grown initiatives.
Ayuba was quoted in an electronic copy of his speech at the conference obtained by our correspondent as saying that for Nigeria to roll back its economy to prosperity, the government must design policies that would bring back industries, create productive jobs, revive public electricity and revalue the nation’s currency.
He emphasised the need for the government to encourage the growth of the informal economy, resume local production of petroleum products, develop solid minerals and tourism, among other resources of global economic values.
“We do not need any lecturing from the IMF or any external institutions to do this. We have vibrant and experienced experts that can develop policies on these. Indeed, the government should as a matter of urgency, convene a conference on the economy or assemble an all-inclusive team to develop an economic recovery framework that is people driven and people focused”, he said.
He, however, maintained that the ongoing economic recession is not only a resultant effect of corruption but the continued adoption of policies imposed by neo-liberal institutions against the wishes of Nigerians.
NLC ‘s president, Comrade Ayuba Wabba gave the advice in Asaba at the weekend during the 5th national delegates’ conference of the National Union of Civil Engineering Construction, Furniture and Wood Workers(NUCECFFWW), where he maintained that the solutions to Nigeria’s economic challenges would be through home grown initiatives.
Ayuba was quoted in an electronic copy of his speech at the conference obtained by our correspondent as saying that for Nigeria to roll back its economy to prosperity, the government must design policies that would bring back industries, create productive jobs, revive public electricity and revalue the nation’s currency.
He emphasised the need for the government to encourage the growth of the informal economy, resume local production of petroleum products, develop solid minerals and tourism, among other resources of global economic values.
“We do not need any lecturing from the IMF or any external institutions to do this. We have vibrant and experienced experts that can develop policies on these. Indeed, the government should as a matter of urgency, convene a conference on the economy or assemble an all-inclusive team to develop an economic recovery framework that is people driven and people focused”, he said.
He, however, maintained that the ongoing economic recession is not only a resultant effect of corruption but the continued adoption of policies imposed by neo-liberal institutions against the wishes of Nigerians.
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