Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • About
    • Advertise
    • Contribute
    • Donate
    • Forum
    • Contact
    Login
    InfoStride NewsInfoStride News
    • Home
    • Business
    • Celebrity
    • Crime
    • Nigeria
    • Politics
    • Sports
    • Technology
    • More
      • COVID-19
      • Editor’s Picks
      • Health
      • Opinions
      • Press Releases
      • World
    Subscribe
    InfoStride NewsInfoStride News
    Home»News»African News»West African News»Nigeria News»Don’t To Listen To Advice On Subsidy Removal And Devaluation, Union Tells President Buhari

    Don’t To Listen To Advice On Subsidy Removal And Devaluation, Union Tells President Buhari

    Nigeria News By Wale AdebayoOct 26, 2015No Comments2 Mins Read
    Facebook Twitter WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte
    President Muhammadu Buhari-official-portrait
    President Muhammadu Buhari

    The National Union of Textile and Garment Workers of Nigeria (NUTGWN) has urged President Muhammadu Buhari (PMB) not to listen to those advising him to devalue the naira and remove fuel subsidy.

    The Secretary General of the union, Mr Isa Aremu, made the call in a statement made available to the News Agency of Nigeria (NAN) in Kaduna.

    Speaking at an award ceremony in Lagos, Emir of Kano, Muhammdu Sunusi II, who is also a former Governor of the Central Bank of Nigeria (CBN), had stressed the need for the Federal Government to completely remove fuel subsidy. He also urged the Presidency and CBN to reconsider their stance against naira devaluation.

    Also, the Emir called on those appointed to serve as ministers under President Muhammadu Buhari to always have the courage to advise him honestly.

    See also  Hon Adebutu Celebrates Yulitide with various Gifts for Ogun People

    Aremu agreed with Sanusi on his advice for the incoming ministers but strongly disagreed on fuel subsidy removal and devaluation of the naira.

    “There is no choice for the President between policy sycophancy and policy dictatorship/policy ambush.

    “Emir Sanusi must rethink outside the box of neo-liberal IMF’s unhelpful policies of devaluation (which he commendably rejected as CBN governor).

    “Nigeria needs a new paradigm of bold policy choices and new star-words in place of boring ideological mantra of devaluation and subsidy removal.

    “The naira in recent time lost its value drastically to the existing devalued rate of N197 to a dollar.

    “This has further eroded wage income of millions of workers (many with unpaid monthly salaries) thereby worsening poverty.

    See also  Certificate Controversy: I Never Doctored Cambridge University Document On Buhari – Fani-Kayode

    “We support the bold measures of the CBN Governor, Mr Godwin Emefiele, in managing the scarce foreign reserve through restrictions on some frivolous imports.

    “Nigeria, more than any nation, currently suffers huge capital inadequacy with the nation’s foreign currency reserves falling sharply by some 27 per cent to $29 billion since the end of September.

    Aremu’s solution to the challenges faced by the country is good governance.

    “Nigerians look forward to urgent fixing of the existing refineries, passage of PIB, reorganisation and repositioning of NNPC, reinvention of the downstream infrastructures of fuel production and distribution and ending crude oil theft.

    “So, the new administration should reject one-cap-fits-all policy dictates,” he said.

    Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate

    Garment National Nigeria News Nigeria News NUTGWN President President Buhari President Muhammadu Buhari Textile UNION Workers
    Share. Facebook Twitter WhatsApp Pinterest Reddit Tumblr VKontakte Email LinkedIn

    Related Posts

    Governors back Tinubu on fuel subsidy removal

    Jun 8, 2023

    Fintiri appoints chief of staff, SSG

    Jun 8, 2023

    Zamfara election: APC members accuse party of neglect after sustaining injuries

    Jun 8, 2023

    Tinubu, APC kick against INEC staff’s bid to give evidence in Atiku’s petition

    Jun 8, 2023
    Add A Comment

    Comments are closed.

    Get Social with Us
    • Facebook
    • Twitter
    • Pinterest 94
    • Instagram
    • YouTube
    Latest Posts

    I’m Done With Vulgar Lyrics, I’m An Ambassador For God Now – Spyro

    Jun 8, 2023

    Messi Wanted To Leave The Club’s Spotlight – Barcelona

    Jun 8, 2023

    Governors back Tinubu on fuel subsidy removal

    Jun 8, 2023

    God Broke Down The Wall Of Jericho In My Sister’s Life – Toke Makinwa

    Jun 8, 2023

    Subscribe to Updates

    Get the latest breaking news straight into your inbox!

    Random News

    Jamie Roberts Confesses Yvonne Nelson Is Not His Second Wife

    Nov 25, 2017

    2015: Uduaghan Urges Legislators To Ensure A Balance Between Their Political And Legislative Duties

    Mar 21, 2014

    Jumia Nigeria Empowers SME’s with Online Marketplace Platform

    Jul 9, 2014

    INEC Has Enough Card Readers – REC

    Nov 26, 2016

    InfoStride News delivers the latest breaking news, Nigeria news, world news and top stories on business, celebrity, entertainment, politics, sports, technology and more. Experience the best of in-depth coverage, special reports, football highlights, political opinions, crime watch, celebrity gossips etc.

    GooglePlay Store Button

    Support InfoStride News' Credible Journalism

    Credible journalism involves a lot of efforts and money; and can guarantee a fair, accountable and transparent society, including democracy and government. We need your support to continue offering free access to our loyal readers and visitors like you.

    Click here to Donate

    Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • Our Terms
    © 2023 InfoStride News. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Continue with Facebook
    Continue with Google
    Continue with Twitter
    Lost password?