The National Headquarters of Nigeria Labour Congress (NLC) has criticized Emir of Kano, Mallam Sanusi Lamido Sanusi for his calls for naira devaluation and fuel subsidy.In a statement yesterday, the central labour body described the calls as “anti-people”, adding that it should be ignored.
The statement, signed by the president of NLC, Ayuba Wabba, explained the effect of devaluing the national currency is more on the quality of life of ordinary Nigerians who bear the brunt of high cost of goods and services given the fact that the exchange rate of the Naira to the dollar has gone record high from N154 to a dollar to over N225 to one dollar.
It maintained that the purchasing abilities of both industries and individuals has incredibly dwindled and may affect jobs in the long run.
The congress said the statement clearly speaks only for international finance capital who are the direct beneficiaries of the pains of the poor in countries that have been unleashed with policies rammed down the throats of visionless and unpatriotic leaders blinded by the overbearing strengths and blackmails of the Breton Woods institutions.
According to the congress, these institutions have added no value to the national economy as they have used previous Nigerian governments to decimate the lives of the people as they gaggled the national economy to doldrums.
It explained that the issue of subsidy removal has been subject of public discourse for more than two decades, noting that the position has not changed.