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The Nigeria Labor Congress (NLC) has called on President Bola Tinubu to reject World Bank advice on the country’s ongoing economic reforms.
Recall that financial institutions recently advised against reversing Tinubu’s economic reforms despite national challenges.
The World Bank warned Tinubu that relaxing reforms could have negative consequences.
But the NLC said this advice was an invitation to chaos and an act of cruelty.
Parliament warned Mr Punch that blindly following advice from the World Bank and International Monetary Fund could have dire consequences for Nigeria.
NLC Public Affairs Director Benson Upa claims the World Bank does not have Nigeria’s best interests at heart and urges Tinubu to ignore advice and develop his own economic plan to address Nigeria’s challenges. I urged him to do so.
“If their past advice did not work for us, will their latest advice help us? Asking President Bola Tinubu to continue these painful policies is an act of cruelty on the part of the World Bank. “,” Upa said.
He added: “This advice will not materialize and there will be consequences if President Tinubu accepts it because the country is literally at a standstill.” There is pain everywhere, even the business world is suffering. ”
“We advise the government not to accept this recommendation, as it is a complete invitation to chaos and would be highly counterproductive.”
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