As reported by Vanguard, steel and engineering workers have raised the alarm over the closure of 272 factories and sack of 3,000 since 2016, noting that any economy not producing goods and services cannot come out of recession.
The National President of Steel and Engineering Workers’ Union of Nigeria, (SEWUN), Elijah Adigun said these at the union’s annual industrial relations conference and workshop in Lagos.
Highlights:
Since governments are not protecting local industries enough, workers lost their jobs and “imported inflation” ensures consumers’ purchasing powers reduce – Such an economy will slide into recession, needing a robust production-based solution(s) to exit the recession.
“Our deficiencies have to do with inconsistencies, policies summersaults and inefficiency as those manning various sectors of our economy are operating outside their field of expertise.
“What Nigeria needs is a very good crop of technocrats to drive the ship of the economy out of the ocean of recession.”
Omoleye Omoruyi… an apprentice web/game developer, novelist, sensitive to happenings in the world. Meet him @Lord_rickie on Twitter/Instagram
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