Borrowing: Don’t mortgage future of unborn Nigerians, SSASGOC tells Buhari

President Muhammadu Buhari

The Senior Staff Association of Statutory Corporations and Government Owned Companies (SSASGOC) has cautioned President Muhammadu Buhari against heavy external borrowing in the country.

At the end of its Central Working Committee (CWC) meeting in Abuja Monday, the association urged the president to ensure the government harnessed the country’s abandoned resources instead of mortgaging the future of Nigerians with external borrowing.

According to a communiqué jointly signed by the president, Comrade Mohammed Yunuse and general secretary Ayo Olorunfemi , the association urged Nigerians to confront corruption in the country.

“CWC in session vehemently detests the heavy Government External Borrowings to avoid mortgaging the future of Nigeria. We call on the government to look inwards to harness the country’s National/Natural endowments

“The bane of corruption in the society has assumed a hydra-headed level as the future of Nigerians yet unborn is being mortgaged. Where public institutions are looted and monies recovered are not properly accounted for. Therefore, the federal government of Nigeria and all citizens must genuinely confront and defeat corruption through deterrent penalties.

“CWC in session notes with dismay the wanton vandalization of critical infrastructure. The recent being the vandalization of rail tracks. CWC in session urges the Federal Government to purchase Rolling Stock and Locomotives for narrow gauge train services so as to reduce the rate of vandalizing rail infrastructures across the country.

“CWC in session encourages the federal government to put more efforts on the use of National Identification Number (NIN) in the conduct of businesses to avoid multiplication of registration, enhance proficiency and general security.

“CWC in session frowns at the incessant threat to National Unity by centrifugal and secessionist agitations. We wish to call on the Federal Government and Nigerians to show respect, tolerance, justice and equity in handling the issues that affects our corporate existence as a nation.

“CWC in session condemns in strong terms the spate of kidnappings and the unbridled abductions of school children, students in tertiary institutions and travelers on Nigerian roads. We call on all levels of government to rise to their responsibilities of safe guarding the lives and property of citizens,” it said.

The association further said: “We all know that a society that is not educated will not prosper because education is the backbone of development and travelling is part of education.

“CWC in session is alarmed at the rising cost of living in the country that has made minced meat of the National Minimum Wage, which some States are yet to implement. CWC in session advises the government to look for ways of improving the general welfare of the Nigerian Workers and the entire citizens of the country through increased economic diversification, enhanced productivity (resuscitation of moribund industries) and attraction of direct foreign investments into the country”.

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