Wants full list published or face litigation
Admin l Friday, July 26, 2019
LAGOS, Nigeria – The Trade Union Congress of Nigeria (TUC) has challenged the Central Bank of Nigeria(CBN) to make public the list of companies applying for forex to support reports published in the dailies.
“It is disheartening to read the apex bank say it is going to reduce its forex to companies at this time. The question is, why punish functional companies?”, the TUC said in a statement by its President and General Secretary, Comrades Quadri Olaleye and Musa-Lawal Ozigi.
The TUC alleged that among those CBN has approved forex for “are many companies that have closed shop but have become dollar agents, using their man-know-man connection to access forex, only to re-sell”, adding that these fictitious companies have to be removed from the list so the active ones can manage the little forex that is available.
“The list has to be released by the CBN, else we may be left with no option than to go to court. Again, we call on the Central Bank of Nigeria (CBN) to exercise caution in the implementation of its policies. Stakeholders must be adequately considered while taking critical decision on the economy. Unilateral decisions are capable of crippling economic activities”, the TUC said.
The TUC equally condemned Ministry of Agriculture for saying Nigeria imports milk worth $1.2 billion yearly and wonders what government is doing to reduce or probably end importation of dairies foods in the nearest future?
“That is exactly how the civilised countries got to where they are today, not by mere rhetorics. We wish our policy makers manage their private businesses same way they manage the nation’s economy! If we cannot plan to address our deficit in the shortest time possible then there is a problem”, TUC said.
