News

ASUU demands review of public operty privatization

The Academic Staff Union of Universities (ASUU) has called on the Federal Government to review the privatization of public property since 1979 as a strategic measure to revamp the nation’s ailing economy.
Dr. Nasir Isa, the President of ASUU made the call in Owerri while interacting with news men shortly after the end of their National Executive Council meeting held at the Auditorium of Imo State University (IMSU).
Isa observed that “with the conclusion of the first across – party political transition in May 29th, 2015, developments in Nigeria in educational, political and economic landscapes have continued to generate issues of interest among all genuine patriots” he noted.
He pointed out that the dust generated in the education sector in the twilight of the last administration is yet to fully settle.
According to him, “the Naira, has continued to witness a free-fall against the American dollar with the country’s dollarized economy getting worst for it”.
The union leader informed that the power game among sections of the ruling class since the inauguration of the new administration has escalated to some feverish point: almost threatening the nation’s democratic project.
He recalled that during the last general election, that the engagement of the Nigerian Labour Congress (NLC) and other critical Nigerians with the major political gladiators were anchored on critical national issues revolving around the economy and cost of governance, corruption, state of public infrastructures and security.
Isa further said that his union is seriously worried about the unending wave of primitive accumulation of wealth deriving its basis from the power of corporation and the entrenched global political and financial interests to entrench this accumulation.
According to him, “this is also the basis of the dominance of privatization and a private –sector led-economy, the economic philosophy imposed on Nigeria jointly by global neoliberal forces and their agency governments.
The new Nigerian Government ought to be reminded of the provision in our constitution that commanding heights of the economy must be publicly owned”. he informed.
He noted that the current economic crisis in Nigeria is traceable to the mono-economy depending solely on crude oil as well as the inability of Nigerian government to give patriotic challenge to domination, the corruption culture and the inability to develop a productive industrial base.
Isah also disclosed that the crisis is now manifesting in a sharp drop in external earnings, devaluation, inflation and non-payment of public sector salaries and wages.
The union leader advised the State governments in Nigeria that the ultimate solution to their cash crunch does not lie in repayable financial bailouts by a big brother Federal Government but in prudent and creative management of resources available of them.

About the author

Christian Voice