The Nigeria Labour Congress, NLC, has petitioned President Muhammad Buhari, seeking an immediate investigation of state governors by the Economic and Financial Crimes Commission, EFCC, and the Independent Corrupt Practices and Related Commission, ICPC, over alleged looting and mismanagement of public funds.
In a letter titled: Reviving the Economy: Our Response to Governors Prescriptions by NLC President, Ayuba Wabba, the congress faulted governors’ recent recommendations to revive the nation’s ailing economy.
It could be recalled that state governors in a bid to revive the economy recommended to the President to eliminate PMS subsidy under-recovery estimated at six-to-seven trillion naira, early retirement of civil servants from age 50 and above, implementation of the reviewed Oronsaye Report, putting an end to financing government’s budgetary expenditures, converting its nineteen trillion naira debt into a 100-year bond, putting a final stop to PMS subsidy, eliminating NNPC’s federation-funded projects, capping Social Investment Programme (SIP) and National Poverty Reduction with Growth Strategy budgets at two hundred billion naira, eliminating extra-constitutional deductions from Federation Accounts Allocation Committee FAAC and reducing National Assembly constituency projects among others.
Reacting to the recommendation, NLC expresses concern with some of the prescriptions of the governors, describing it as unrealistic, insensitive and hypocritical.
Join our twitter community :