• Thursday, July 25, 2024
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BusinessDay

NUBIFIE tasks government on transparency, prudence

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The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) on Sunday tasked the three tiers of governments on transparency and prudence in the new year.
Muhammed Sheikh, the general secretary of the union, told the News Agency of Nigeria (NAN) in Lagos that only transparency and prudence in governance would make the common man enjoy the dividends of democracy.
Sheikh urged governments at all levels to intensify efforts at reducing the plight of Nigerians by sacrificing some of the luxuries of political office holders.
“Oil still remains the main source of the nation’s economy, there should be transparency and prudence in the way funds are allocated and spent.
“I think the state and federal governments should come up with measures to ensure transparency and prudence in oil proceeds.
“Many Nigerians are still poor, struggling to make ends meet; our government should show commitment at reducing poverty in the land,” he said.
He said that efforts should be intensified to bridge the gap between the rich and the poor by creating wealth.
According to him, the country has all the resources at its disposal to better the lots of its teeming population.
Sheikh said that the attention of government should be on how to block all revenue leakages in the sector.
The scribe said that more jobs had to be created to engage millions of Nigerian youths roaming streets without job.
Besides, he urged the government to work hard at making its stewards more accountable.
The labour leader added that the government should expedite action at the diversification of the economy, stressing that over reliance on oil sector would continue to have its challenges.
He urged the National Assembly to expedite action on the passage of the Petroleum Industry Bill to stabilise the economy. (NAN)