The Nigeria Labour Congress (NLC) accuses the Federal Government of robbing Nigerians to pay for the rich, aiming to further impoverish the people.
The NLC condemns the Tinubu-led administration’s decision to seek external loans worth N500 billion from the World Bank to cushion the impact of the Premium Motor Spirit price hike. The NLC recalled that the $800 million proposal before the devaluation of the naira was worth about N400 billion but has increased to about N650 billion post-devaluation.
The NLC proposes N500b for distribution, stating that the proposal to pay N8,000 to 12 million of the poorest Nigerian households for six months insults collective intelligence and mocks social dialogue. The NLC also criticises the proposal to pay N70 billion to National Assembly members and N36 billion to the judiciary.
The labour body criticised the government’s proposal to pay N8,000 to the poorest 12 million households for six months, which amounts to N48,000. The proposal rewarded the rich in public office to the detriment of the poor, causing the government to seek ways to rob the poor Nigerians for the rich. The government’s decision to pay this sum is seen as a bribery attempt to gain control.
Projected arms allocations to Executive Council members remain uncertain, with N150b likely going to them.
