‘Nigeria’s Currency, One of the Worst in the World’ – NASU
By Khadijah Ahmad Ado,
The Non-Academic Staff Union of Universities, NASU, has described Nigeria’s currency, the naira, as one of the worst in the world.
NASU’s General Secretary, Comrade Peter Adeyemi, made this known in a published interview with The Nation newspaper.
According to him, other currencies of the world are stronger than the naira.
Adeyemi noted that the immediate-past administration of President Muhammadu Buhari butchered the take-home pay of workers, because it devalued the naira.
He said: “So, when you bastardized your currency, you reduced the benefits. What was the exchange rate when the government took over from Jonathan.
“It was not up to N200 to a dollar, but today, it is above N750. Nothing seems to be working.
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“Take, for instance, privatisation in the power sector. It has also failed. They used our money to rehabilitate it. And we see this as a deliberate step to steal public assets by those in public office.
“And, today, there is no adequate power supply. The bills keep rising and we are paying for darkness.
“So, it is a deliberate stealing of public assets by those in public office, and that is why I laughed when the government said it is fighting corruption.
“President Tinubu must work with us and should not see labour as enemies or antagonists.
“He shouldn’t mind any issue he has with the Labour Party. Labour Party is on its own. The Nigeria Labour movement is on its own.
“Even though the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) adopted the Labour Party, he should not get discouraged.
“Don’t forget that the constitution of the Federal Republic of Nigeria guarantees freedom of association. So,
“If the Labour Party is adopted, it does not translate that every worker must belong to the party. That is the pronouncement of the NLC and TUC, so be it”.
