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Home Business News Business

Cost of living crisis: TUC to FG, begin importation of food

Chike Olisah by Chike Olisah
February 26, 2024
in Business, Business News
TUC, NLC

TUC President: Festus Osifo

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The Trade Union Congress (TUC) has called on the Federal Government to commence the immediate importation of essential food items to cushion the effect of rising food prices across the country.

This was made known by the President of TUC, Festus Osifo, during a press conference on the economic hardship ravaging the country on Monday, February 26, 2024. in Abuja.

Osifo lamented that Nigerians have never witnessed this level of hardship before even during military regimes, adding that the problems are not unconnected to the government’s poor patronage of locally made products and services, and lack of capable hands at the helm of affairs.

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What the TUC President is saying

  • Osifo said, “Nigerians must live to see tomorrow before we can understand how beautiful a government policy is. The national pride of striving to achieve food sufficiency locally should be temporarily relaxed. Governments at all levels should immediately purchase sufficient quantities of food items from different parts of the world and share them with vulnerable Nigerians.
  • “Importing food abroad at this point will assist to reduce the hyper-inflation of food in the country. FG should allow importation of food items for Nigerians consumption within the next two weeks.’’

The TUC President advised President Bola Tinubu to as a matter of urgency strengthen the economic management team of his administration and also look beyond party or tribal lines to headhunt the best Nigerians throughout the world who could sit down and develop homegrown solutions to the hardship menace.

More to follow…


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Tags: Festus Osifoimportation of food itemsrising food pricesTUC
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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