The Nigeria Labour Congress has asked the International Monetary Fund and the World Bank to stop stiffening Nigeria with its policy advisories described as ‘insincere’.
The NLC president disclosed this in a statement on Sunday.
This comes amid a statement attributed to the IMF’s African Region Director, Abebe Selassie, during a press conference at the IMF and the World Bank Annual Meetings in Washington, DC, that characterised the Nigerian government’s decision to remove the fuel subsidy as a domestic issue.
However, NLC faulted the IMF for distancing itself from the policies of the Nigerian government, which had brought hardship on the nation and its people.
“The IMF seems to be distancing itself from the future backlash of these policies, but Nigerians are not naive; we recognise the destructive effects of its harmful strategies on Nigeria and Africa,” the union stated.
According to NLC, “The IMF’s denial of involvement in Nigeria’s subsidy removal seems insincere, given its history of recommending similar austerity measures.
Peoplesmind
