''LABOUR VOWS TO RESIST SALES OF NATIONAL ASSETS, SAYS IT WON'T SOLVE ANY PROBLEM''
Labour warned yesterday that the Federal Government should reject the clamour for the sale of the nation’s assets to fight the recession. They described those pushing for the measure as enemies of the country, who are only bent on acquiring the nation’s assets for their personal use.
NLC President Ayuba Wabba told The Nation in an interview that the congress was against the suggestion that the Federal Government should sell off national assets to address challenges. To Wabba, experience has shown that privatisation has not worked. Most of the national assets Nigeria sold off have not done well; selling off the assets will not be in the interest of Nigerians, he said.
“First, most of our national assets they have sold under the banner of privatisation, non of them has succeeded. Many countries of the world has passed through this same period of recession and their approach to addressing the issue is not to sell their commonwealth, leaving them in the hands of a very few.
“It is worrisome that those canvassing for this are looking forward to buying these assets themselves. I don’t think it will be productive for us as a nation to dispose off these assets to meet short time need. It will certainly not be productive and not in the interest of the larger Nigerian public.
“As NLC, we are against the sale of those assets because we have tried it even in the power sector and the result is very obvious. Those people are looking for opportunity to buy those assets themselves. We are against it, especially selling them to individuals because of the gee viols effect of those assets that have been sold in the last.
“In the past, they were sold at give away price and people just amassed them for themselves.
“There can be a coexistence with people coming to invest side by side and for the government to strategically hold on to these assets. NLC is totally against the sale of these assets in the name of trying to address a short time need to address the challenges we are passing through. That is not what other countries have done,” the NLC chief said.
