The Punch

TUC flays FG’S serial borrowing, rising cost of living

- Adelani Adepegba, Abuja

The Trade Union Congress has criticized the federal Government over the rising cost of living in the country, saying this has eroded the benefits of the National Minimum Wage, which some states have yet to implement.

The congress, while admonishin­g the government to ‘avoid mortgaging the future of Nigeria’ also frowned on the level of external borrowings, advising the government to harness the country’s natural endowments.

National Treasurer of TUC, who doubles as Presidentg­eneral of the Senior Staff Associatio­n of Statutory Corporatio­ns and Government­owned Companies, Mohammad Yunusa, stated 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.

Reading the communique, he jointly signed with General Secretary of SSASCGOC, Ayo Olorunfemi, the labour leader called on 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.

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.”

he condemned the threat to national unity by ‘centrifuga­l and secessioni­st agitations.’

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