NLC to engage experts on ailing economy

By Wahab Akanji, Abuja 

As part of its contributions to drag the country out of the current economic quagmire, the Nigeria Labour Congress (NLC) is set to engage the services of some of the best economists in the country to develop home grown policies that will lead to the development of the country. 

President of the NLC, Comrade Ayuba Wabba dropped the hint in Abuja on Sunday, saying developed countries were able to move from the fourth world to the first world because they were able to come up with home grown policies to drive their economies. 

Wabba said one of the major problems confronting third world countries is their over reliance on the neoliberal policies from the Brenton Wood Institutes like the IMF and the World Bank. 

He pointed out that the consequences of such policies can be seen in Argentina and other countries today. 

Wabba announced that the Academic Staff Union of Universities, which is an affiliate of the NLC has agreed to give the congress ten of the best economists to engage policy issues and come up with options best for the country. 

“At the centre of our problem is also policy issues, one of which is our over reliance on the Brenton Wood institutes where the neoliberal policies which our founding fathers have fought are resurfacing. 

“We see in France our counterparts there on the streets because neoliberal policies don’t know race or countries. 

“They are on the streets because the interest of the workers in France is being undermined through legislations. Therefore, we must continue to be vigilant, especially in issues of policies because anytime IMF and World Bank come calling, they come to say, implement our policies. Where has these policies taken us?

“Can we in quick succession forget the consequences of SAP? SAP came to devalue our naira and that was the first time devaluation took place in Nigeria. I think what we need as a change is good leadership. Thank God we have a leadership now that is focused.

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