Workers Day: Rebuild economy to avoid recession, TUC pleads

Posted by News Express | 1 May 2020 | 449 times

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 The Trade Union Congress of Nigeria (TUC) has called on governments at all levels, employers and workers to collaborate in reorganising the economy to avoid a loom¬ing recession.

TUC’s President, Mr. Quadri Olaleye, made the call in a statement on Thursday in Lagos, ahead of the Workers’ Day, celebration today.

Olaleye had expressed worry over how the country would survive COVID-19 and build an economy that would keep it out of imminent re¬cession.

 “This May Day is an un¬usual one; it coincides with a period the world is facing possible extinction if we are not careful.

“Distinguished comrades, the speech will not be a story telling but practical steps on how to steer the country back to shape after the elimination of coronavirus.

“Five months away from today our country will be 60 years.

“It is on that note that we came up with our theme, ‘60 Years of Nationhood: Inse¬curity, Wage Poverty and the Future of Work in Nigeria.’

“All the issues captured in our theme are critical and can define our political, economic and welfare trajectories as a people,” he said.

The president highlight¬ed the various sectors of the economy that needed atten¬tion in order to avoid reces¬sion to include health, labour, agriculture, oil and gas as well as electricity, among others.

He called for the fixing of the refineries and building of new ones, which, he said, would shield the economy from the vagaries and vicis¬situdes of international oil prices and politics.

Olaleye also called on governments at all levels to exploit the potential of the agricultural sector.

He added that Small and Medium Scale businesses, especially the informal sec¬tor, should also be encouraged because of the critical role it played in employment.

“We also advocate reduc¬tion of food and drug prices to enable Nigerians who sur-vived the pandemic to recu¬perate well.

“Furthermore, COVID-19 pandemic met us in a state of unpreparedness.

“The Chief of Staff to the President, Mr. Abba Kyari, died of coronavirus compli-cations and his death pres¬ents us a great opportunity to revisit our health sector challenges.

“All existing federal teach¬ing and specialist hospitals should be upgraded with the state-of-the-art medical equip¬ment to meet the modern day standards and the emerging disease conditions,” he said. (Daily Independent)





Source: News Express

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