Labour has said that the Covid - 19 pandemic has exposee the poor governance of Nigerian leaders in areas of budgeting, poor release of funds and general infrastructure.
A chieftain of the Nigeria Labour Congress, Issa Aremu spoke in a statement in Kaduna, Sunday evening.
Aremu expressed sadness over the allication N2.45 trillion for debt servicing in the 2020 Budget, saying that the amount was more than N2.14 trillion meant for capital expenditure.
According to him, "It is time to review downward N125 billion statutory allocation scandalously allocated to the National Assembly of some 500 senators and legislators.
"Indeed the budget per capital of the National Assembly at N266,524,520.30per legislator dwarfs the national budget per capital of about N57,388.88.
"In fact, the total allocation, to the National Assembly almost equals the total sums of N44.5 billion for the Basic Health Care Provision Fund, BHCPF, and N111.79 billion for the Universal Basic Education Commission, UBEC, expected to impact on millions of citizens. Nigeria needs pandemic- sensitive budget!"
The statement entitled, "COVID-19: Arise Oh Compatriots," further read,
"Commendation, I commend the statesmanship of Governor Nasir el-Rufai of Kaduna State for his weekend status full disclosure as a Coronavirus case in Nigeria. His honest and audacious disclosure was timely in removing ignorance among some citizens.
"It was a wakeup call for all Nigerians that this rampaging virus scourge is real. By this singular act, Governor Nasir and other statesmen who were open about their status, had offered necessary leadership to convince those still in an unhelpful denial. COVID-19 is a reality. "It is a rampaging classless, gender and race blind, faith-blind virus. However it can still be damned, controlled through non-denial and respect for the rules of resistance against it. "Governor El-Rufai had rightly submitted to COVID-19 test and in line with the protocol managing the COVID-19, self-isolates as requested by the Nigerian Centre for Disease Control (NCDC- for cases showing no symptoms.
"Organise, Don't Agonise:
It’s time for all compatriots to heed the advise by the Governor and public health authorities in general to observe preventive measures, “stay home and stay alive”. The point cannot be overstated that the cases are still increasing. This historic battle cant be for governments alone. "Organized labour, civil societies and organized businesses must compliment the efforts of governments to tame the spread. Employers must invest in particular on the protection of essential health workers on prevention awareness and control of the disease.
"The Federal Government must urgently revive the tripartite National Labour Advisory Council, NLAC, made up of workers, employers and government with proactive coordinated and strategic interventions to minimize the impact of the Virus.
"Labour Market Situation Room: All labour market Institutions such as negotiating councils must be reactivated in both public and private sectors for innovative, problem-solving agreements to ensure that workers don’t suffer loss of lives and earnings, wages and pensions during the ongoing lock down.
"The tripartite National Labour Advisory Council, NLAC, should urgently establish a Situation Room/ Platform Forum. Nigeria reportedly had only 300 tested cases compared to South Africa which had reportedly carried out over 20,000 tests.
"There is certainly a considerable room for a robust bipartisan collaboration in Nigeria and in Africa as a whole to prevent worsening Virus spread against the background of the existing daunting health challenges of Malaria and Lassa fever, even though with cure, had killed more than a Corona Virus.
"Hail CBN’s Response: It is commendable that the Governor of CBN, Godwin Emefiele initiated proactive 6-point new measures to ameliorate the impact of the disease on the economy that include: Cuts rates from nine to five percent per annum for one year effective March 1, 2020, grants extension of moratorium on all CBN intervention facilities effective March 1, 2020 and N50 billion targeted credit facility through NIRSAL Microfinance Bank for households and small- and medium-sized enterprises, SMEs, hard hit by Covid-19. "It is also significant and commendable that President Muhammadu Buhari had promptly approved a N10 billion grant (about $27 million) to fight the spread of coronavirus, or COVID-19, and already released to Lagos State, which is still counting the highest number of coronavirus cases.
"Sustainable Good Governance: Post coronavirus calls for sustainable prompt budget releases.
"The current crisis had exposed the underbelly of poor governance characterized by endemic complacency, sheer indifference and unnecessary competition among government agencies.
"It is remarkable that the Federal House had also passed the Emergency Economic Stimulus Bill, 2020 to complement the plans of the Executive arm.
"We must operate collectively and make sure that Coronavirus being an opportunistic disease would not defeat us separately.
"Policy Complementarity:
The fiscal authorities must complement the monetary policies of the CBN for Nigeria to cope with the challenges of diversification and the impact of COVID-19 Nigerian Economy.
"This is not the time for uncritical cut in public spending. Already Nigeria has lowest budget per capital in the world. "Additional reduction in the size of the 2020 budget by about N1.5 trillion, as part of the measures to address the impacts of Covid- 19 disease on the Nigerian economy will only undermine economic recovery and employment creation.
"CBN has rightly directed that all Deposit Money Banks should increase their support to the pharmaceutical and healthcare industries and support for funding intensive care as well as in training, laboratory testing, equipment and Research and Development, R&D.
"The Bank has increased financial intervention by N100 billion in loan this year to support the Health Authorities to ensure laboratories, researchers and innovators work with global scientists to patent and or produce vaccines and test kits.
"Transformation, not Just Interventions: Nigeria needs a radical departure from the age long unhelpful neoliberal economics of wholesale liberalization, cuts in public spending, factory closures and export orientation. It’s time for urgent diversification, import substitution, re-Industrialization and beneficiation.
"This is the time to re- inflate the economy as commendably being done by the CBN and not a panicky contraction and deceleration.
"At $30 dollars per barrels, Nigeria is far from being broke. On the contrary it’s time to move from export of crude to refining, save scarce foreign exchange and create sustainable Decent jobs. CBN has promised to increase intervention in boosting local manufacturing and import substitution by another N1trillion across all critical sectors of the economy that include textile and garment sector.
"CBN has also initiated the private sector N1.5 trillion Infrastructure funding that will link farming communities to markets and setting up of the.
"Fiscal institutions must creatively come out with similar business unusual proactive measures in an unusual times of devastating pandemic.
"Time To Revisit Debt Servicing: 2020 budget proposed as much as N2.45 trillion, almost a quarter of the budget into Debt servicing. With coronavirus crisis, these allocations to debts of dubious value are unsustainable...
"Indeed the budget per capital of the National Assembly at N266,524,520.30per legislator dwarfs the national budget per capital of about N57,388.88...Nigeria needs pandemic- sensitive budget!
"How About Your Neighbours?:The lockdown must be complemented with direct and targeted social transfer to the poor in formal and informal sectors whose per day incomes are engendered.
"With the spirited national efforts, this singular pandemic will come to pass, but the poverty and underdevelopment challenges would persist. Coronavirus crisis is another costly opportunity to reinvent an economy like China’s white remarkable resilience that has tamed the virus and restoring growth and development.
"Meanwhile we remain under lock and key against an invisible virus, ask about the plight of your neighbors and send relief materials for those in need."
