'An administration that has signally failed to demonstrate a capacity for shrewd economic management cannot reasonably expect organised labour not to be alarmed that it is planning to get its hands on hard-earned pension funds.'
for infrastructural development could set the stage for a widespread industrial crisis if it is not handled carefully.
Even the N10.33 trillion 2020 national budget is bloated by expenditures totalling N150.07 billion that are deemed to be frivolous, unclear and inappropriate. The Aso Rock Villa is budgetting N4.06 billion for routine maintenance; N526.23 million is to be spent by it on replacing vehicle spare parts and tyres; the concessioning of the Ajaokuta Steel Company is to cost N625 million.
In spite of labour’s justified fears, however, it must be realised that the realities of Nigeria’s infrastructural crisis must be tackled innovatively. If government wants to access these funds, it must first take several confidence-building measures aimed at reassuring organised labour and the nation as a whole that its intentions are honest and that its actions will be characterised by competence and altruism.
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