Breaking News

Non-producing economy can’t exit recession – SEWUN

By Oboh Agbonkhese

Steel and engineering workers have raised the alarm over the closure of 272 factories and sack of 3,000 since 2016, noting that any economy not producing goods and services cannot come out of recession.

Mr. Elijah Adigun, the National President of Steel and Engineering Workers’ Union of Nigeria, SEWUN, said these at the union’s annual industrial relations conference and workshop in Lagos.

According to Adigun, since governments are not protecting local industries enough, workers lost their jobs and “imported inflation” ensures consumers’ purchasing powers reduce.

He noted that such an economy will slide into recession, needing a robust production-based solu-tion(s) to exit the recession.

His words: “Our deficiencies have to do with inconsistencies, policies summersaults and inefficiency as those manning various sectors of our economy are operating outside their field of expertise.

“What Nigeria needs is a very good crop of technocrats to drive the ship of the economy out of the ocean of recession.”

He said the challenges of operating in the country’s current economic context, while being conscious of global standards, informed the union’s choice of Employing Information Technology as a Platform for Increased Effectiveness in a Globalised Economy, as the workshop’s theme.

Also present at the workshop where Mr. Rufus Olusesan, First Vice President of United Labour Congress, ULC, who represented the Lagos Chairman; SEWUN’s Principal Deputy General Secretary, Mr. Paul Okonma, among others.

Resource persons at the workshop, facilitated by University of Ibadan-based Bablink Consultancy Services, include Dr. Mike Folorunson, who treated two topics, Industrial Information Management in a Developing Economy and Leadership Models & Emotional Intelligence; Dr. Orji Olasupo, The Impact of Contributory Pension Scheme to Nigeria’s Economic Development; Dr. Akinoyo C. O., Stress & Well Being; and Dr. Akinwale ‘Lanre, Information Technology & Engineering Industry in a Global Economy.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.