Recession: Buhari’s government should ignore IMF – NLC

                            

The Nigerian Labour Congress (NLC) has advised the Federal Government not to heed any suggestion by the International Monetary Fund (IMF) on how to get Nigeria out of recession.At the National Delegate Conference of the National Union of Civil Engineering Construction, Furniture and Wood Workers (NUCECFFWW), NLC President, Comrade Ayuba Wabba, urged government to design policies that would bring back industries, create jobs, revive electricity and revalue the currency.

He emphasised the need for the government to encourage the growth of the informal sector, resume local production of petroleum products, develop solid minerals and tourism, among others.We do not need any lecturing from the IMF or any external institutions to do this,” he said.We have vibrant and experienced experts that can develop policies on these.Indeed, the government should, as a matter of urgency, convene a conference on the economy or assemble an all-inclusive team to develop an economic recovery framework that is people driven and people focused”.

Wabba appealed to federal and state governments to save the construction industry from collapse by paying the debts owed contractors.He said the construction industry was inactive because of the refusal or inability of governments to pay for jobs done and mobilise contractors for new jobs.In view of the considerable harm and pain this has brought upon everybody in the chain, especially workers, I call on federal and state governments to without further delay, pay their debts to both local and international contractors.I have no doubt this will stimulate the economy in no small measure,” he said.

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