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

President Tinubu

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy

Musk Predicts AI Future Where Salaries, Money Lose Relevance

Elon Musk has warned that money and salaries could become irrelevant in the future as artificial intelligence and robotics advance to the point where human labour is no longer necessary. The world’s richest man said a future dominated by AI could eliminate
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

Aviation Workers To Shutdown Airport Operation For Two Days, Reveal Reasons

Aviation Workers To Shut Down Airports For 2 Days

Five aviation unions in Nigeria have threatened to suspend operations

Why Chief Justice Of Nigeria Muhammad Resigned

Chief Justice of Nigeria (CJN), Justice Ibrahim Tanko Mohammad has