NLC blames recession on private sector greed

The Nigeria Labour Congress (NLC) has blamed the current economic recession Nigeria is passing through on the corporate greed of the private sector.

The General Secretary of Congress, Dr. Peter Ozo-Eson who stated this while speaking at a public lecture by the Academic Staff Union of University (ASUU), University of Jos chapter, said Nigeria’s private sector is parasitic and feeds large on government corruption to burgeon, a development which partly sunk the country into the current economic recession.

He said: “Those who left the universities only yesterday now wear suits and ties and call themselves captains of industry or business managers and gather under certain aegis including the economic summit group like the show going on in Abuja and all that. They deceive themselves by parroting that government has no business in business.

“What private sector are we talking about as the engine of the economy; a parasitic private sector that feeds fat on government corruption to survive? We can demonstrate that the Nigerian private sector cannot survive without the undue patronage by the public sector; it feeds fat on the corruption in the public sector.