Skip to main content

NLC asks Buhari to tell Nigerians how he’ll revive economy

The Nigeria Labour Congress (NLC), on Sunday in Abuja, Nigeria’s capital advised the Federal Government tell Nigerians through mapped out policies and programmes how it would revive the country’s economy. Ayuba Wabba, the NLC President, told NAN that well defined policies should be formulated to address the various economic challenges confronting the nation. “The challenge in the economy is obviously monumental, if you look at all the indices in the economy, you will know that we are actually in for difficult time. “The continuous depreciation of the currency in recent times at the parallel market and the downward trend in the global oil price, call for re-think. “I think it is time for us to be determined as a people, and I think it is important for our political leaders to look at other options of how to respond to these issues. “We need very sound economic policies that will address the country’s challenges, and part of it is to diversify our sources of revenue.” Wabba urged the government to fashion out ways of boosting internal revenue, adding that it should include payment of tax for any goods purchased. “I have said on different occasions that it is only Nigerian workers that are paying the correct taxes to government coffers. “The multinational companies and the political leaders who are making billions of naira are not paying the correct taxes. “I think it is time for government to take the issue of taxation seriously, if you have stocked monies in the banks, you need to pay taxes on the monies. “We need to pay all manner of taxes just like in some other parts of the world, where people are paying tax on everything purchased because it will generate revenue internally.” He, however, said that there were a lot of loop holes in the process of tax collection in the country, which needed to be corrected. The NLC president said that the importation of unnecessary products into the country had put pressure on the country’s currency. “This is because we need dollars to import such products and this has put high demand on foreign exchange. “I think, we need to prioritise what we need to import as a country in the economic policy of government. “Anything we can produce in Nigeria, there is no need to import it but rather encourage our local manufacturing companies to produce it instead of relying solely on importation. “This is going to reduce pressure on the demand for foreign currency, including the issue of the importation of refined oil products. “This is because one area that takes the large chunk of our foreign exchange is the continuous importation of refined oil products.” Wabba urged the government to accord priority to agriculture as well as exploit solid minerals that were in abundance in the country. He said this would create market opportunities for some of the products to be exported, as well as boost the nation’s economy.

Comments

Popular posts from this blog

MISS EDEMAYA BEAUTY PAGEANT 2013

EdemAya, a community so rich in mineral resources, and one of the five clans that make up the present day Ikot Abasi Local Government Area of Akwa Ibom State, Nigeria is hosting the world on the 29 th of March 2013. As we gathered from the head of the organizing group, Miss Precious Dominic Akpan, the event is scheduled to take place at the Cooperative Hall, Ikot Ubo Akama, Edemaya in Ikot Abasi, Akwa Ibom State. Three beauties are to emerge from the event which promises to be the first ever organized pageant. The Eligibility Form which are currently on sale for a token of N 2,000 will qualify the contestants to struggle for Miss EdemAya, Miss Democracy of EdemAya and Miss Culture & Tourism of EdemAya. The screening and training of the contestants commences on 25 th through 28 th of March 2013. We have been reliably informed that the event will parade ‘who is who’ in the music industry in Akwa Ibom State and a popular reggae artist from Delta State. Imagine the sque...

Snoop Lion Excommunicated From The Rastafari Community

Snoop Lion excommunicated from the Rastafari Community, according to Bunny Wailer! Bunny has always had his doubts about  Snoop Lion ‘s intent and now his skepticism has taken an even stronger stance, that of excommunication. The news was broken via his  Facebook  profile and via  press release . Recently Snoop Lion has struggled to convince the Rastafari and Reggae community that he is sincere about his profession of, and transition to the faith, principles and beliefs of Rastafari. Most doubtful is Bunny Wailer the only living member of the original Wailer. ‘ Excommunication is a religious censure used to deprive, suspend, or limit membership in a religious community or to restrict certain rights within it. Some groups use the term disfellowship instead, ‘ stated Bunny’s official release. With that said, this would surely deprive Snoop Lion from direct contact to some elders within the Rastafarian community also, access to vital information and place of wo...

VIDEO: Two Girls Stripped In Public For Stealing Brazilian Hair

These two young girls were stripped naked in public by a shop owner after they were caught stealing  Brazilian hair . According to information gathered, these girls entered  the shop  as if they were interested in purchasing something. One of the girl’s intentionally decided to engage the owner in a conversation by asking lot of questions on the types of  Brazilian  hairs at the store and then the other girl was busy stealing Brazilian hairs. Watch the video  below: