TUC Advises FG Against Borrowing To Repay Debts

July 20, 2021
by
Trade Union Congress
Trade Union Congress

The Trade Union Congress of Nigeria (TUC) has asked the federal government to stop increasing the country’s debt profile.

TUC said the wealth of the nation is being transferred to other nations through borrowing.

Join our WhatsApp Channel

The union said this during a recent sallah message jointly signed by its President, Quadri Olaleye and the secretary-general, Musa-Lawal Ozigi.

The sallah message read: “The impoverished masses of the country are going through an excruciating experience presently and it behooves the wealthy and privileged Nigerians to empathize with the needy”.

“Painfully and regrettably, the order of the day has been a flagrant transfer of our commonwealth and loans to foreign banks rather than making it useful for the nation where it is needed.”

“This is the time for the leadership at all levels to have a rethink and redraw a workable roadmap capable of transforming the economy of the country.”

“The plight of Nigerians under this administration falls below expectation. We say no to more loans. It has to stop.”

Speaking further, the TUC called on the government to make sure that the youths are gainfully employed.

The statement said, “The congress desires a country that is peaceful and development conscious.”

“To achieve this, the youths have to be gainfully engaged, not as political thugs. An army of idle youths portends great danger for any society”.

“The harsh economy is taking tolls on a large number of Nigerians and out of frustration many, especially the youths are doing untoward things just to make ends meet.”

The union said it expected Sallah celebration to humble every Muslim in particular and Nigerians in general in their service to God, and to humanity.

“We would like to also use this opportunity to call on the leadership of the country to bear it in mind that the country is in a dire channel and we can only overcome if they (leaders) lead a selfless and exemplary life.

“While we celebrate with our Muslim brothers and sisters, we must be committed to sharing and caring for one another as Allah has directed.”

+ posts

Featured Stories

Latest from Finance & Economy

Kano Shuts Entertainment Centres for Ramadan

The Kano State Government has ordered the closure of all entertainment centres across the state ahead of the Muslim holy month of Ramadan. The directive, announced on Tuesday by the Kano State Censorship Board, affects venues popularly known as gala houses as well as
Nigeria Now Leading Cement Exporter In Africa – Dangote

Why Tinubu’s Policies Can Crash Dollar Rate – Dangote

The Chairman of the Dangote Group, Aliko Dangote, has said that current government policies could significantly strengthen the naira against the US dollar, potentially bringing the exchange rate down to as low as ₦1,100 to $1. Dangote made the remarks on Tuesday

Japan Fulfils Pledge to US in Lower Tariff Deal

The United States has announced the first wave of Japanese investments under a $550bn trade agreement that saw Washington cut tariffs on imports from Tokyo. US President Donald Trump said on Tuesday that Japan had committed $36bn to three major infrastructure projects

What Nigeria’s 15.10% Inflation Rate Drop Means

Nigeria’s headline inflation rate fell to 15.10% in January 2026, the latest figures from the National Bureau of Statistics (NBS) show, extending a run of gradual declines that has lasted for almost a year. The figure is slightly lower than the 15.15%
HURIWA) has called on the Nigerian government to draw lessons from the just concluded United Kingdom (UK) general election and reform its corrupt electoral system.
Previous Story

Igboho: HURIWA Accuses Buhari Of Declaring War Against Southern Agitators

Nigeria air force jet3
Next Story

Buhari Hails Air Force Pilot For His Gallantry

Don't Miss

Naira Falls To ₦1,530/$ At Official Market After Public Holiday  

Naira Hits Record Low Against British Pound Amid High Demand For Dollars

Nigerian parallel market exchange rate plummeted to an all-time low
Tinubu Vows To Ignore Protest, Remove Fuel Subsidy

Tinubu Vows To Ignore Protest, Remove Fuel Subsidy

The Presidential Candidate of the All Progressives Congress (APC), Bola