HomeLocal NewsTUC cautions FG over increasing foreign loans

TUC cautions FG over increasing foreign loans

Date:

Related stories

Kano govt declares Friday public holiday

The Kano State Government has declared Friday, September 12,...

Police arrest 3 armed robbery suspects, recover stolen vehicle in Kano

The Kano State Police Command has arrested three men...

Kano police clarify alleged detention of journalist Abdulaziz Aliyu

The Kano State Police Command has dismissed reports alleging...

Gov. Yusuf congratulates Hisbah chief Daurawa on honorary doctorate

Kano State Governor, Abba Kabir Yusuf, has congratulated the...

Kano govt bans unauthorized chainsaw use, launches permit system

The Kano State Government has banned the unregulated use...
spot_img

The Trade Union Congress of Nigeria has warned the Federal Government against the nation’s increasing indebtedness, as hardship looms, amidst the increasing poverty rate in the country.

According to the union, the wealth of the nation is being transferred to other nations through borrowing.

The union stated its opposition in a recent Sallah message jointly signed by its president, Quadri Olaleye and the secretary-general, Musa-Lawal Ozigi.

The message read in part, “The impoverished masses of the country are going through an excruciating experience presently and it behoves the wealthy and the privileged Nigerians to empathise with the needy.

“Painfully and regrettably the order of the day has been a flagrant transfer of our commonwealth and loans to foreign banks rather than making it useful for the nation where it is needed.

“This is the time for the leadership at all levels to have a rethink and redraw a workable roadmap capable of transforming the economy of the country.

“The plight of Nigerians under this administration falls below expectation. We say no to more loans. It has to stop.”

Speaking further, the TUC called on the government to ensure the gainful employment of the nation’s youths.

The statement said, “The congress desires a country that is peaceful and development conscious.

“To achieve this, the youths have to be gainfully engaged, not as political thugs. An army of idle youths portends great danger for any society.

“The harsh economy is taking tolls on a large number of Nigerians and out of frustration many, especially the youths are doing untoward things just to make ends meet.”

The union said it expected the Sallah celebration to humble every Muslim in particular and Nigerians in general in their service to God, and to humanity.

“We would like to also use this opportunity to call on the leadership of the country to bear it in mind that the country is in a dire strait and we can only overcome if they (leaders) lead a selfless and exemplary life.

“While we celebrate with our Muslim brothers and sisters, we must be committed to sharing and caring for one another as Allah has directed.”

The union called on everyone to remain self-disciplined and law-abiding even as the nation strove to achieve the desired development it craved for. [Punch]

Subscribe

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here