TUC seeks diversification to fight recession
The Trade Union Congress (TUC) and Association of Senior Civil Servant of Nigeria (ASCSN) have tasked the Federal Government on urgent diversification of the nation’s economy to save it from complete collapse.
The unions were worried that the state of the economy is posing challenges for workers with no increase in minimum wages, adding that it became more worrisome when employees now buy items at higher prices.
Speaking with The Guardian in Lagos, TUC/ASCSN President, Comrade Bobboi Kagiama, said there is need to invest more in other sectors rather than relying on only oil and gas industry as a mainstay of the economy.
He said inadequate infrastructure like good roads, railways, regular power supply, airways and seaports need to be in place, adding that by the time all these are done, it will help to revive the economy.
Kagigama added that governments should invest massively on road infrastructure in particular.
“If the country could divert to private/public partnership it will help to fast-track the road infrastructure. We are particularly talking about and those roads that have high densities of traffic, which can be reduced to the minimum.
“Some of us still strongly believe that we cannot do without the issue of toll-gate anybody who says toll-gate is an exploitative venture, we will say no because it serves a lot of useful purposes. One, the area of curbing security threats in addition to making sure that whatever investment that is put on such roads are returned during the toll collection. Railways can still have public-private partnership; he said.
He added that the time for action is now, “We don’t need to go about lamenting, what we can do as a nation to get us out of the current recession is investing more on our local products rather than importing all our goods from foreign countries.
No comments yet