The Federal Government on Sunday in Abuja assured workers that it would tackle all socio-economic troubles facing the nation.
President Muhammadu Buhari gave this assurance at the 2016 May Day celebration with the theme: “The Working Class and The Quest for Socio-Economic Revival”.
The president, who was represented by Sen. Chris Ngige, the Minister Labour and Employment, said that the government would evolve solutions to the emerging threats to the well-being of Nigerians and the realisation of sustainable development.
“For us whose main foreign exchange comes from oil, the global decline in the price of oil has further exacerbated our economic crises.
“The resultant effect of this are noticeable in government’s dwindling resources, reduction in operational capacities of most companies especially in the oil and gas sector, threats of workforce reduction by multinationals, among others.
“These developments no doubt, have socio-economic implication for the economy as well as the working class.
“I make no excuses, for this government of the APC is determined to tackle the socio-economic ills head-long,” the president said.