The Nigeria Labour Congress has described the recent call by the Emir of Kano, Muhammadu Sanusi II, for the devaluation of the Naira and the removal of fuel subsidy as inimical to the interests of
Nigerians and should be ignored.
NLC said it would not hesitate to call out Nigerians to resist any attempt to remove fuel subsidy if Sanusi’s demand was accepted.
President of the NLC, Mr. Ayuba Wabba, said in a statement on Wednesday, that the traditional ruler was expressing his personal opinion and not the interest of the people of Kano, which had the highest number of collapsed industries in the country.
He urged the Kano Emir to avoid tainting the image of his high office through pronouncements and campaign for policies that had been found not only to be damaging to the economy but also injurious to the majority of the people.
Wabba said the traditional institution should speak for the poor rather than the neo-liberal institutions like the International Monetary Funds, the World Bank and others whose recommendations led to the devaluation of the Naira with the near collapse of the manufacturing sector in the past.
The NLC’s President explained that as an import-based economy, the effect of the devaluation of the Naira would be more on the ordinary Nigerians, who lived with the high cost of goods and services with the increase in the exchange from N154 to a dollar to N225 to the dollar.
He added that the statement was made in support of the international finance bodies which, according to him, are the direct beneficiaries of such harsh policies unleashed on the populace by unpatriotic leaders.
He said the Breton Woods Institution, which had used previous governments to cause serious hardships to the populace, had not added value to the nation’s economy.
He recalled that the harsh policies, being canvassed by the Emir, had made citizens of several countries, including Europe, to embark on protests while changes in government had taken place as a result of that in other places.
Credits: Fidelis Soriwei
SOURCE

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