The Academic Staff Union of Universities on Monday said the Federal Government had surrendered the growth and developmen – Tunde Ednut

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The Academic Staff Union of Universities on Monday said the Federal Government had surrendered the growth and development of the country to the International Monetary  Bank and the World Bank.
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The National President of the union, Prof Biodun Ogunyemi, who said this in a telephone interview with The PUNCH in Lagos, said the Federal Government should prepare for more crises as people’s anger against the government would worsen as a result of hunger in the land.
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He also said those running “Nigeria today do not love Nigerians,” but relied on the advice of some “outside forces.”
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Also on Monday, the Trade Union Congress of Nigeria gave the Federal Government a seven-day ultimatum to reverse the recent increase in electricity tariff and the price of petrol.
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The TUC gave the ultimatum in a letter addressed to the President, Major General Muhammadu Buhari (retd.), and dated September 14, 2020.
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The letter titled, ‘We cannot bear the burden any longer, issuance of seven days ultimatum,’ was signed by its President, Mr Quadri Olaleye, and the Secretary-General, Mr Musa Lawal.
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The congress made the letter available to journalists shortly after its national executive meeting in Abuja on Monday.
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The ultimatum was issued 24 hours to the Federal Government’s meeting with the TUC and the Nigeria Labour Congress. The meeting was convened by government to explain the financial condition of the country and the reasons for the increase in the electricity tariff and the fuel price.
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Recall that the Federal Government two weeks ago increased the ex-depot price of petrol from N 138.62 to N147.67,  prompting marketers to adjust their petrol prices to between N158 and N162 from N148 to N150 in August. The ex-depot price is the price at which government sells petrol to marketers.
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The hike was the third within three months and it came at a time when electricity distribution companies increased their tariff.
.
Although the Federal Government had defended its action, saying the sharp drop in its revenues could not sustain the subsidy...
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The Academic Staff Union of Universities on Monday said the Federal Government had surrendered the growth and development of the country to the International Monetary Bank and the World Bank.
.
The National President of the union, Prof Biodun Ogunyemi, who said this in a telephone interview with The PUNCH in Lagos, said the Federal Government should prepare for more crises as people’s anger against the government would worsen as a result of hunger in the land.
.
He also said those running “Nigeria today do not love Nigerians,” but relied on the advice of some “outside forces.”
.
Also on Monday, the Trade Union Congress of Nigeria gave the Federal Government a seven-day ultimatum to reverse the recent increase in electricity tariff and the price of petrol.
.
The TUC gave the ultimatum in a letter addressed to the President, Major General Muhammadu Buhari (retd.), and dated September 14, 2020.
.
The letter titled, ‘We cannot bear the burden any longer, issuance of seven days ultimatum,’ was signed by its President, Mr Quadri Olaleye, and the Secretary-General, Mr Musa Lawal.
.
The congress made the letter available to journalists shortly after its national executive meeting in Abuja on Monday.
.
The ultimatum was issued 24 hours to the Federal Government’s meeting with the TUC and the Nigeria Labour Congress. The meeting was convened by government to explain the financial condition of the country and the reasons for the increase in the electricity tariff and the fuel price.
.
Recall that the Federal Government two weeks ago increased the ex-depot price of petrol from N 138.62 to N147.67, prompting marketers to adjust their petrol prices to between N158 and N162 from N148 to N150 in August. The ex-depot price is the price at which government sells petrol to marketers.
.
The hike was the third within three months and it came at a time when electricity distribution companies increased their tariff.
.
Although the Federal Government had defended its action, saying the sharp drop in its revenues could not sustain the subsidy…

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