National Union of Textile, Garment and Tailoring Workers of Nigeria, NUTGTWN, weekend commended “constructive collaboration and engagement” between President Muhammadu Buhari and the outgoing 8th National Assembly, NASS, for the prompt passage of the Public Holiday Act Amendment Bill, which recognises June 12 as the new Democracy Day.
Buhari The union also praised President Buhari and NASS for ensuring the renewal of the appointment of Godwin Emefiele as Governor of the Central Bank of Nigeria, CBN. In a statement, General Secretary of NUTGTWN and a member of the National Executive Council, NEC of Nigeria Labour Congress, NLC, Issa Aremu observed that the bipartisan consensus on the twin issues of Emefile’s reappointment and June 12th as the new Democracy Day should be sustained in the resolution of urgent critical national issues such as re-industrialization, inadequate electricity supply, insecurity, human capital development, endemic infrastructural deficits and poverty eradication. He said the remarkable consensus on the two issues was a “win-win” for Nigeria noting that “where there was the collective will”, there would be a collective way for national development insisting that both arms of government deserved praise for the deal.
Aremu congratulated Emefiele for what he called “earned and deserved” reappointment. According to him, “it will go on record that Emefiele as the CBN governor commendably defended the autonomy of the CBN against the neoliberal forces that were pushing for the unhelpful floating of Naira with the attendant unhelpful massive devaluation in the wake of the 2017 recession. The relatively stable exchange rate of recent times has allowed for national planning and business decisions needed for growth and development.” Comrade Aremu, however, noted that the most significant achievement of the CBN Governor in the first tenure was development financing which “has revolutionized rice production and is rekindling the hope of revival of cotton production through cheap long term credit and direct purchase and supply of inputs for farmers.”