NLC Slams World Bank’s Pressure On Tinubu To Continue Reforms As Inhumane

NLC Slams World Bank’s Pressure On Tinubu To Continue Reforms As InhumaneThe Nigerian Labour Congress (NLC) has urged President Bola Tinubu to disregard the World Bank’s advice regarding ongoing economic reforms in the country. The financial institution recently advised Tinubu to maintain his economic reforms despite the prevailing hardships faced by citizens, warning of potential negative consequences if he were to ease these measures.....KINDLY READ THE FULL STORY HERE▶

In response, the NLC labeled the World Bank’s counsel as an invitation to chaos and an act of cruelty. Speaking to Punch, NLC’s Head of Public Relations, Benson Upah, emphasized that adhering to the recommendations of the World Bank and the International Monetary Fund could lead to disaster for Nigeria.

Upah argued that the World Bank does not genuinely prioritize Nigeria’s interests, urging Tinubu to develop a homegrown economic strategy to tackle the nation’s challenges. He remarked, “If their past advice has not benefited us, why would we expect their latest recommendations to do so? It is cruel for the World Bank to ask the Tinubu administration to continue implementing these painful policies.”

He warned, “This advice will not be accepted, and there will be significant repercussions if the Tinubu administration follows it, as the country is currently at a standstill. There is widespread suffering, even within the business sector.”

“The recommendation is a clear invitation to chaos, and we strongly advise the government to reject it, as it would be highly counterproductive,” Upah concluded.

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