The Federal Government has appealed to banks and other companies to stop retrenchment of their staff in this period. This appeal is coming 24 hours after a commercial bank laid of 1040 of its staff. The Federal government's appeal is contained in a statement signed by the Minister of Labour and Employment, Chris Ngige and released today June 3rd. The statement reads;
"Following spate of petitions and complaints from stakeholders in the banking, insurance and financial institutions, I hereby direct the suspension of the on-going retrenchment pending the outcome of the conciliatory meetings in the industry. This is as a result of the apprehension by my office of the various disputes in the sector in accordance and in compliance with the provisions of the labour laws of Nigeria. In this wise, all the retrenchments and redundancies done in the last four months and all proposed ones should be put on hold pending the outcome of the proposed stakeholders’ summit for the banking, insurance and financial institutions’ employers and employees, slated for July 2.” it said.
47 comments:
Direct ko direct ni. They cannot pay workers because they are no longer doing business thanks to an apc economy. So how will they n pay their workers?
Na una won pay them salary bah?! Smh
Ewu Gambia, you think economy is built by barking orders? Wake up
A very lame statement by Federal Government.
I didn't just read this. A minister instructing and directingredients operators in the private sector to stop firing staff?!!! Will the government bear the cost & pay the salaries of the staff? Direction my foot.
This government is so clueless honestly
Abegi o! Linda take note!
It so terrible my dear, this is harsh
Ngige is FUCKING clueless. Does he realise these companies are profit-driven?
Not so surprising coming from the turd who said Nigerians are not experiencing hardship.
Well said. D country is indeed hard now. Those going about with placards hv not gotten jobs. Those frustrated at home don't even know if getting the job is a dream dat will ever come through. Then those holding d jobs re being sent back home suddenly in this harsh economy. I wish they hv play b. D country suck.
Hmmmmm, when will buhari create the jobs he promised.??
Yeah is not cool
TSA was introduced by previous administration to be implemented gradually in other not to cause havoc in the sector but this administration thinks they can just use force to do everything. You have seen the result. God help us.
And wat den shud be done?...hw will dey pay dia workers....its unfortunate we found ourselves in dis dilenma
How can FG tell banks, companies etc to stop firing staff? Do they fund them?
Mstchew.. go and force them.
APC is not serious at all, when u make policies that would make banks have no choice but to retrench their staff, u didn't know your policies will force them to retrench.you guys meeting go back to school
Shut up! When you have made a mess of our economy. You guys are ridiculous. More retrenchment to come. You promised jobs yet you have made it unbearable for businesses and Nigerians! Smh!
Can u imagine...
Junkies.
Dint go think of how to turn it all around...
FG u go help them pay the staff?
Better oh coz this is not the change
How many jobs did APC provide.... do d government fund d banks
Rubbish
Total tyranny in play.They should stop retrenching?,just imagine.After your APC govt messed up the economy so u expect banks to fold up also.its just getting crazy and crazy everyday in Nigeria.
Lol...this govt is a joke!! They think everything answers to their "declaration" as its common with military regimes? The right policies will attract the right results and crazy policies will attract crazy results.
May God punish these people.. How can they ask banks to stop firing their staff when they are the ones destroying the economy. You have to give the company something to work with. They can't pay their employees with appeals.
This government is so clueless..
Though we have serious problem but this APC government/ministers keep making me laugh...they know the remote cause of this sack...#onMYway...
Will you pay the staffs ??? APC = fraud. APC is a joke. Bloody liars, still waiting for buhari to name and shame the looters.
This girl u r just as shameless as ur useless mother. What do u mean by abegi o? That y ur father divorced ur useless mother. Senseless people
Reflection of APC failure. We will CHANGE THE CHAIN in 2019! In fact we will start Changing this stupid change this year in EDO and ONDO elections. Fools!
Reflection of APC failure. We will CHANGE THE CHAIN in 2019! In fact we will start Changing this stupid change this year in EDO and ONDO elections. Fools!
Reflection of APC failure. We will CHANGE THE CHAIN in 2019! In fact we will start Changing this stupid change this year in EDO and ONDO elections. Fools!
The banks should retire top people&employ new people,instead of retiring junior ones.Lets be wise for once
This government is a serious disaster . I wish they will swallow their pride apologize to Nigerians and then bring on board men and women across region especially from the south to help. This government of the North and by the North is a disaster.
Okemkpi I tot ur sensible never knew ur as useless as ur party,ur a big disgrace to the eastern region
Thank you; well said.
Everything isnt force naw.
The Treasury Single Account saga is already a huge problem for commercial banks cos a lot of money has been pulled out from them. Same reason Okonjo Iweala stated that it should be implemented batch by batch and for years. But Buhari comes in, gives the parastatals 3 months to pull out all their money from CBN in d name of 'fighting corruption', now our commercial banks are failing. Clear causes n effects.
Who is firing the bankers? It's actually the federal government. For a complete one year the economy was on hold no business. TSA was implemented one morning with heavy sanctions. Now banks are just managing to stay afloat. And u clueless political economists are giving orders that u know won't be obeyed. Why not give orders to those companies that have closed shop to come back immediately? Middle finger
this country enh...
That is eh! Her comments are always bereft of normal reasoning! I always scroll down quickly once I see her name. Extremely annoying girl! Tufiakwa!
Do u seriously see this pple as Democrats who will allow a free & fair elections for u to vote them out?...GEJ gave that power but these ones will never....not with all the inconclusives "anywhere APC doesn't win"
Lol. This is so funny!
When you guys increased the price of fuel to N145.00 did you think about the hardship it will bring to the people and the resultant effect?
When you came up with all your policies on the economy you did not think right?
Now the the whole system is on a speedy reversal, you are asking business owners not to sack staff, which is their own measure to save their business?
It's just crazy how this admin thinks it reserves the right to do as it pleases.
Mr anonymous ...dont be so soo foolish...very childish comment!
Pls if they are firing their staff ah beg them not to miss target. The so called minister that is against the sacking of staffs, what role did he played to avert the the sacking.
*NWA 042*
Lol.....I love this country. 3million jobs in one year. One year after...2.5million job losses. I'm sure fg wants them to join the police. Fuckers!!!!!!
The banks and other companies are firing workers because they can't pay them no more, thanks to the APC government who has destroyed the remaining part of our bad economy. So this rubbish military u order that Ngige is giving is senseless. They would sack more. Just watch
Smilin.....smilin.....dis country is useless coupled wit useles govt! God is watching.
Stop firing? How will the banks survive? This guy ain't serious!
You and your party are big fools! Go and stop them now and see what will happen. Instead of you to fix the economy so companies can thrive, you are there giving directive. Idiot!!! You and your silly party think this military regime abi? We dey wait una for 2019
Silly idiots that can fix an economy, you see now that Okonjo-iweala is a superstar now, sebi una dey criticize her as been corrupt. Let your brainless Finance Minister equal what she did now? Idiots who are still living with opposition mentality.
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