The United Labour Congress (ULC) has called on Federal Government to inject recovered loot into reviving Ajaokuta Steel Company and other ailing industries in the country.
The congress also urged Federal government to get bail-out for its workers.
The National President of the congress, Comrade Joe Ajaero stated this at the inauguration of the new executive members of the Kogi State council of the ULC in Lokoja today.
Represented by the National Auditor, Comrade Otori Salihu Maliki, Ajaero said injecting the recovered funds into such areas as the Ajaokuta Steel Company, the textile industry, mining and petroleum sectors would help create the needed jobs for Nigerians.
He maintained that as a matter of necessity, the Federal government should implement a minimum wage that is realistic to meet the current economic and market realities.
The national president of ULC charged the new executives to carry out their statutory obligation to the well being and welfare of Nigerian workers.
In his acceptance speech, the ULC Chairman, Kogi State council, Comrade Eleojo Simeon Opaluwa urged Kogi state government to immediately release the report of the staff verification exercise and pay up all arrears of salary and entitlement owed workers. He explained that the congress would ensure a pragmatic and progressive labour movement that promotes equity and fairness in workplaces.