Organised Labour takes stand against Sale of National Assets


Oraganised Labour says the government shouldn’t take the steps prescribed by the economic council to sell off some national assets.

The economic council proposed that the FG sell some assets in order to raise funds to execute capital projects in the 2016 budget and also cushion the effects of the recession.

The Senate also plans to forward similar recommendation to the President.

The Nigeria Labour Congress, Trade Union Congress of Nigeria, the Nigeria Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association of Nigeria are however taking a position against this proposal.

PENGASSAN says this move will place the nation’s common wealth in the hands of a few Nigerians. And this will impoverish the masses. The body says “any attempt to sell these national assets will be met with stiff resistance.”

The two NLC factions and the TUC have a similar stance on the issue.

TUC’s Acting Secretary General, Simeso Amachree, says, “We are not going to accept it and we will resist appropriately. As it was done before, it is an attempt to take over the national assets”.

The Minister of Budget and Planning, Udoma Udo Udoma, however said “the Federal Government would not sell critical national assets to shore up its foreign reserves” Vanguard reports.

Source: Vanguard

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