Monday, 26 September 2016

Sale Of National Assets: Labour Prepares For Mass Revolt

Updated 26 September, 2016
The Newspapers for Monday, September 26, focus on the threat by the organized labour to embark on mass revolt over the proposed sale of nationals assets and the crisis rocking the APC. The organized labour has threatened to embark on a mass revolt worse than the anti-SAP riots of 1989 over the propose sale of nationals assets. 
Vanguard reports that the Nigeria Labour Congress, (NLC) Trade Union Congress of Nigeria (TUC) the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in one accord, told government that it would be playing with fire should it go ahead to sell the assets. The threat by labour follows calls by some eminent Nigerians for the sale of the country’s national assets as a way of reviving the nation’s ailing economy. 

However, the minister of budget and planning Udoma Udo Udoma, said in a statement on Saturday, September 24, that the federal government would not sell critical national assets to shore up its foreign reserves as well as have funds to retool the economy against the current downward plunge. He explained that government plans to source immediate funds to reflate the economy and implement capital projects in the 2016 budget. 

But NUPENG and PENGASSAN have argued that the sale of would not profit the nation but a few privileged Nigerians, and threatened to shut Nigeria over the planned sale. 

The union said the plan, meant to solve short term financial obligations, was targeted at handing over Nigerians’ collective commonwealth to a few individuals and further impoverish the rest of the people. It advised that instead of selling assets, government should look for other ways of increasing the revenue base of the country, while plugging loopholes and leakages in public finances. 

In politics, a major crisis has hit the All Progressives Congress (APC) with the national leader of the party calling for the removal of the party’s national chairman, John Odigie-Oyegun, over what he called the latter’s anti-democratic handling of the  party affairs. 

The Punch reports that Tinubu made the call in a scathing statement entitled, “Oyegun’s Ondo fraud: The violation of democracy in the APC,” released by the Tinubu media office on Sunday, September 25. 

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