Nigerian Labour Union insisted that the Federal Government should frantically resist the call for the sale of the nation’s assets to lift the economy of the country out of recession.
The president of the association, Comrade Ayuba Waba made the disclosure during an interview with the Nation.
Comrade Waba said people calling for the sale of the assets as people that wish the county no good.
He noted that privatization has never made any meaningful impact in the country adding that privatizing will not benefit Nigerians.
“First, most of our national assets they have sold under the banner of privatisation, none 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,” he said.
“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,” he noted.
He furthered that if government fails to ignore the call for sale of the assets, it will lead to face-off between the government and organized labour.
“If they go ahead to sell the assets, we will protest. We have done that in the past,” he said.
“When it comes to selling off our national assets, if you remember, there was a time when they tried to sell the refineries when Obasanjo left office. We protested against it and that was how that decision was reversed. It is not as if these assets cannot add value, but because they have not been allowed to operate maximally.
“Take the refineries, for example. Our refineries are still among the newest in the world and so, if we add value to them, it is possible for the refineries to stop importation. It is because of inherent corruption that these refineries have not been allowed to work.
“Instead of addressing the corruption, what they did was to shift the to the larger Nigerian people without addressing the inherent challenges in the system.
“Our position is very clear and that is the fact that we are against their sales because they are for our children and generations yet unborn. We will be doing a lot of disservice if we sell such items. How are we sure that if we sell them, it will address the current challenges,” he concluded.