News Express banner Camano banner
NLC warns of dangers of sale of national assets, restates opposition to proposal

By News Express on 27/09/2016

Views: 1,450

The Nigerian Labour Congress (NLC) has said it remains firm on its resolve to fight off recent calls that the country’s shares, along with other sovereign assets in the oil and aviation sectors, should be sold as a way of stemming the current economic recession.

NLC President Ayuba Wabba made this declaration at a news conference on Monday in Abuja, the nation’s capital city.

Wabba who expressed worry over the impending consequences likened the proposal to the once Structural Adjustment Programme (SAP), which he said failed to achieve its mandate.

He also said the Congress would explore viable options at its disposal to engage Government against the muted sale.

“We are therefore reinstating our position that we are opposed to the sale of those strategic assets in whatever guise in order to try to address challenges in the economy.

“We say this very patriotically and with the best of intentions because I think the consequences will be more grievous if we don’t take the necessary steps to protect those important assets.”

The NLC also inaugurated a 10 man NLC-ASUU Think Tank Committee on the current Socio-economic challenges in Nigeria.

Wabba, while addressing the Committee tasked them to come up with an alternative to the harsh economic realities in the country.

He suggested that the ‎alternative must be pro-people and not an alternative that will compound the lot of the citizenry.

Responding on behalf of the Committee, Omotoye Olorode‎ assured to leave no stone unturned in a bid to alleviating the plights of all working Nigerians.

He revealed that NLC is committed towards a conducive and favourable working environment for all Nigerians.

Members of The Committee Include: Dr. Dipo Fashina, Prof. Toye Olorode, Dr. Muhammed Aminu Aliyu, Dr. Muttaka Usman, Dr. Isaac Nwaogwugwu, Dr. Yemisi Bangbose,  Comrade Isa Aremu, Mr. Sunny Atumah, Dr. Peter Ozo-Eson and Comrade Hauwa Mustapha – Secretary.

•Text courtesy of TV360 Nigeria. Photo shows NLC President Ayuba Wabba.

Source News Express

Posted 27/09/2016 05:28:53 AM





You may also like...
Edo: ‘King of Enjoyment’ succeeds ‘King of Peace’...

FG targets $2bn from oil, gas lease licence...

Imo APC supporters protest alleged imposition of candidates...

CAN felicitates with Muslims on Eid-el-Kabir, urges prayers...

Grazing reserves: Go and defend your lands, Yoruba...

Military condemns suicide attacks in North East

And we say there should not be militancy!,...

Ondo Governorship Election: New panel begins sitting; to...

South African fuel authority heads resign over illegal...

AUN brings $1 million ‘Hult Prize @ Campus’...

Election observers, CSOs demand arrest, prosecution of 2015...

Starving North Koreans “forced to eat their children”...


Latest News Man hires kidnappers to abduct parents Okorocha vs Ihedioha: Who blinks first? Gunmen kidnap 4 NEMA staff; another shot Governor’s aide, 2 others for trial over rape Divorce: My husband kept 4 kids from other women secret for 9 years — Wife Supreme Court hears sexual harassment charge against Chief Judge Senate postpones passage of 2019 Budget •Passes FCT Health Insurance Bill, confirms appointment of late Abiola’s daughter as NDIC Director More trouble for Onnoghen as EFCC drafts charge for fresh trial Interpol raids markets, rescues 216 child slaves, others Girl born without hands wins national handwriting competition PDP vows to overturn Orji Kalu’s election, asks INEC to retrieve his Certificate of Return Detainee who gave birth to twins in Calabar Prisons dies


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (471,253 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (415,252 views) Shameless Genevieve Nnaji exposes breasts in public (352,775 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (302,025 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (266,349 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (239,222 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (226,270 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (207,815 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (197,000 views) 10 cars more expensive than Jets (189,659 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (179,210 views) Lagos plane crash: Journalist releases victims’ names (178,746 views)


UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (88) Business & Economy (4,215) Business Verdict (65) Columnists (1,018) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (607) Features (746) Global Business Monitor (344) ICT Monitor (38) International (3,354) Interview (176) Live Commentary (29) Love Matters (156) Maggie's Blog (236) News (45,296) Opinion (1,228) Pidgin (17) Politics (10,643) Religion (984) Sports (1,968) Stock Watch (39) AMA & Al Jazeera Global Update






APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera