Nigeria’s economy unstable, cement prices increased 100% in one week — Ex-CAN President

A erstwhile President of the Christian Association of Nigeria (CAN), Dr Samson Ayokunle, has explained however helium astir fainted erstwhile the terms of a container of cement accrued to N11,000.

Ayokunle, who decried that the terms of cement accrued implicit 100 per cent successful 1 week, noted that the country’s system is unstable.

Ayokunle said this connected Friday’s variation of Inside Sources with Laolu Akande connected Channels Television.

Lamenting the economical concern successful Nigeria successful the past year, the erstwhile CAN president stressed that minimum wage should let Nigerians to conscionable the 3 basal needs of shelter, lodging and clothing.

He cited what happened earlier successful the twelvemonth erstwhile helium bought cement to physique a poultry house.

“I was to bash a tiny poultry and they (the bricklayers) said I would request a tiny location which they telephone the pen. They would level it and bargain cement. By that time, cement was N5,300. When I learnt that cement was N5,300, I shouted. Only 1 bag?!

“I paid for the fig of cements that were needed for that tiny pen. But unfortunately, the estimation was not close due to the fact that the bags of cement couldn’t implicit it. They came to maine and said everything has changed, and a container of cement became N11,000. I said, ‘What!’ I astir fainted. How galore weeks difference?

“This is the Nigeria we are talking astir wherever the system is not unchangeable astatine all. You can’t foretell the prices of goods. What is adjacent worse is the terms of medicine.”

On the caller minimum wage warfare betwixt Labour and the Federal Government, Ayokunle said workers should beryllium paid decent surviving wages that would deter them from getting progressive successful fraudulent delving practices.

“Minimum wage should beryllium what we let radical to deterioration clothes, let them to enactment nutrient connected the array for their household members and let them to instrumentality attraction of basal necessities similar their health.

“Even if they don’t physique houses, they should beryllium capable to wage their rent. It should beryllium the 1 that volition let the radical to enactment successful offices and not steal,” helium said.

The clergyman expressed displeasure implicit politicians’ insensitivity and ostentatious lifestyles, saying it is unfortunate that leaders successful the state person nary imaginativeness but are acrophobic astir surviving ample astatine the disbursal of the masses.

He added, “It is not lone corruption that is sidesplitting us; different happening that is sidesplitting america is lazy leadership. A enactment that is not acceptable to instrumentality the bull by the horn and crook this federation from a depletion system to a accumulation economy.”