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Nigeria will overcome economic challenges – Ngige

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MINISTER of Labour and Employment, Dr. Chris Ngige, has assured that Nigeria will overcome the challenges caused by COVID-19 pandemic which have affected price stability and major means of production.

Ngige made this statement at the occasion of the bipartite meeting between the federal government and the organised labour in Abuja on Tuesday, at the Banquet Hall, State House.

He added that there is a need to gather as one entity in unity and understanding to forge a social pact or social concentration to enable the country reconcile economic growth and realise sustainable development built on social cohesion.

“This meeting is a bilateral dialogue between us Nigerians to consider the state of the economy and events that have necessitated recent increases in electricity tariff and the price of premium motor spirit, PMS.

“We are all aware that globally, the world is suffering from the negative socio – economic impacts and ravages caused by COVID-19 pandemic. We are faced with ‘new normal’ to survive as human species and we can only hope to build back better societies that would sustain us and aid us in our quest for recovery both physically and structurally.

“To achieve success in this quest we would need all hands on deck. Hence the need for transparency in action, effective and efficient communication between the government and the people, particularly labour which is regarded as a vital arm in the means of production.

“With me today are the Hon. Minister of Works and Housing, Hon. Minister of State, Labour and Employment, Minister of State Power, Minister of State-Petroleum, Resources, Group Managing Director of the NNPC, Chief Executive officer of NERC, and the Central Bank of Nigeria, with the Federal Ministry of Agriculture and Rural Development driving the policy to lower food prices through farmers’ Initiatives,” he said.

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