Major oil companies in Nigeria have said they are planning a mass sack following the dwindling price of oil in the International market. At a meeting between the Minister of Labor and Productivity, Chris Ngige and the managements of International Oil Compananies (IOCs) in Nigeria comprising of Agip, Mobil producing, Chevron Addax and Total, the Head of Human Resources and Medical, Chevron Nigeria Limited, Ihuoma Onyearughe, said the plan to lay off some workers in the sector is as a result of the current challenges facing the industry.
“The issue of laying people off is not a decision that comes lightly. I will not come here to tell you that people are being laid off or not. The situation in the oil company is dire. We want to ask for more understanding in appreciation of the challenges we face” she said.
According to Tribune, during the meeting, Chris Ngige appealed to the oil marketers and companies not to lay off people as Nigeria is facing a lot of social security problems and could not to afford more problems through job cuts
“The oil majors in Nigeria must therefore bend backwards and see what they can plough back from their profits to keep Nigerian workers on their duty posts. Keep the existing jobs. We have a downturn today but you can be sure it will not last forever. If you are not creating new jobs, let us keep the ones we have. That is what this government is pleading and we must emphasise that is what we want.”he said.
Naija we hail thee
ReplyDeleteLINDA'S HOUSEGIRL
Cut down on tax, so companies will not lay off workers, since they are not making enough to cover the over head cost. Atleast it was ur fellow politicians that destroyed the economy
DeleteCut down on tax, so companies will not lay off workers, since they are not making enough to cover the over head cost. Atleast it was ur fellow politicians that destroyed the economy
DeleteLet them keep drilling and producing and selling and looting all the money for irrelevant expenditures. If the instability in oil price hasn't thought them anything then I wonder what will
Delete#F!Zz
ok #still that Imo boy
ReplyDeleteWhat a pity
ReplyDeleteEnter your comment...NOTED BY DJ BANTI.fellow on IG@djbantiben or like my fbpage@djbanti
ReplyDeleteAfter all they all contributed to the dwindling price of oil.. Now Nigerian workers are to suffer for
ReplyDeleteOlodo
DeleteIf it's the way forward, then so be it.
ReplyDeleteOK nah...meanwhile, Lin Lin u rock more than a rocket
ReplyDeleteTchoi! Dey shld not sack my future hubby o
ReplyDelete...merited happiness
Ok
ReplyDelete* it's well*
ReplyDeletePlead ke!! Hmmmm
ReplyDeleteHMMMMMMMMMMMMM..
ReplyDeletePLS HELP US BEG THEM OOOO
meenah_wakil on instagram
Federal government should as well do their own part in curbing unemployment in the society instead of pushing everything to the entrepreneurs
ReplyDeleteSack keh,hmmmm e don red b dat o.
ReplyDeleteDisaster...... government that is plague with Badluck!!
ReplyDeleteOk
ReplyDeletePls they should do something about it,people are dieing of hunger already.
ReplyDeletePls they should do something about it,people are dieing of hunger already.
ReplyDeleteNonsense, the oil companies are operating at a loss at the moment.
ReplyDeleteDiversify the economy - develop the MANUFACTURING sector (aviation, electronics, furniture etc), mechanised agriculture, tourism (like Dubai, a city in an oil producing nation as well),
transportation...the list is endless!
Oil once sold at > $100.00 per barrel, why did NGR not boost her external oil reserve???
Norway has over $700 mil in external crude oil account, so the nation can cruise on for another decade even...in the face of low oil price and Statoil is laying off as well.
It is a sorry situation but no business man wants to operate at a loss!
God will comfort any persons that may be affected by the lay-off!
Oga....all those things u mentioned are in the budget & are things that wont happen overnight..they are long term projects...those sectors were virtually dead befr now.....Norway is one of the happiest nations in the world- for obvious reasons ,we are not & it will take time...
DeleteIt is a difficult job diversifying an economy destroyed over the years now with dwindling revenue.
Is God angry with nigeria? Dwindling oil price. Naira losing its value economic hardship
ReplyDeletePEPSI ADDICT
Pls they should slash their salaries instead.
ReplyDeleteThis wasn't their election promise.
ReplyDeleteTry to reason logically!
DeleteDwindling worldwide oil price isnt an issue with nija leaders...it is the corruption in which funds made when price was high in the past that is our major problem..
E, pls FG should plead with d companies, cos alot of sacking is currently, even d communities economics is effected.no job creations.yet they are sackin.
ReplyDeleteThis is becoming too much. God help your children
ReplyDeleteLINDA MY LINDA
Hehehe this economy is a joke
ReplyDeletea.k.a EDWIN CHINEDU AZUBUKO said...
ReplyDelete.
This will not be funny though bcos many will cry asin real cry mah no joke....
.
.
***CURRENTLY IN JUPITER***
Well,naija is gradually dieing,with this new Govt,Hardship everywhere!
ReplyDeleteHmmmm
ReplyDeleteNice say Ngige...They have made alot of profits dat can keep their workers very nice\\\\
ReplyDeleteMilez
Hmmmmmm. Pls reconsider
ReplyDeleteBuhari doesn't have any trace of luck both local and international. Empty basket out of his wickedness
ReplyDeleteTrue talk,they should please oo
ReplyDeleteThis is bad....
ReplyDeleteOur country is sitting on a ticking time bomb.
Sincerely speaking the mind of Amadioha
Apc of lamentations. Is begging part of the campaign promises?
ReplyDeleteHeheehehehe abeg make dem no tryy it joor,we get plenty unemploy citIzens
ReplyDeleteThis is getting serious n not good
ReplyDeleteThe Nigerian Government does not know where it's powers lie. Take Angola for instance, before a native can be laid off, all the foreigners will have to leave the country first. There is no reason to have expats residing and lounging in Nigeria when you are laying of the Nigerian part of the workforce.
ReplyDeleteThe oil industry is one of the major employers of labour in Nigeria. The Nigerian govt can for once enforce it's own laws and stop issuance/renewal of work visas for anyone coming to work in the oil industry in Nigeria atleast for now that the companies have no budget to invest in new wells. We have capacity here to manage our fields. They can also bar foreigners of a certain age from working offshore in Nigeria, do that together with a freeze on work visas and you won't have to go 'begging' them not to retrench workers.
Take a cue from Angola and enact and enforce Nigerian friendly labour laws, you won't have to ever go cap in hand.
Brilliant!!! Linda pls let this comment fly!! Cheers Amiga!!!
DeleteWell said Alysyn. The oil companies should also plough back a little of their profit as a corporate responsibility so as to keep the jobs going. They have profited enough. Time to give back.
DeleteVery brilliant. This is just the beginning of the soultion. Not only oil companies but other industries as well.
DeleteI appreciate your suggestion. However in most cases the govt signs an agreement with the ioc's taking huge percentages of their profit in royalties and taxes etc. Now the IOC's won't have any option other than laying staff off because the govt is already taking too much. It's a messed up process
DeleteHmmm,God help Nigeria
ReplyDeleteFunny and ironic
ReplyDelete-D great anonymous now as Vivian Reginalds
FG should provide more jobs as a solution
ReplyDeleteNA SO, HOW MANY DID THEY EMPLOYED DURING THE OIL BOOM, OR WHILE THE PRICE OF OIL WAS HIGH?
ReplyDeleteChris ngige, Linda ikeji with odusbaby, eze nnunu
ReplyDeleteHer name is Ihuoma Onyearugha, not Onyearugheto. Please change her name out of respect. Thank you.
ReplyDeleteThis is not good at
ReplyDeleteall
Almighty GOD! Help us
ReplyDeleteIssorite ..instead of to dey create job opportunities na sack opportunity our govt dey create
ReplyDeleteAJ MAIN BOY...
Is the government willing to cut taxes, so the burden of handling the workers salaries falls on both the oil companies and government?
ReplyDeleteHmmmmmmmmm!
ReplyDeleteOdikwaegwu
Enter your comment...Things are changing.
ReplyDeleteChange Era
Linda I'm here o
i dont understand our politicians, this companies do have their own funding issues and they are trying to cut cost. NASS is spending Billions to buys new cars and yet they dont want the govt to sack. well they should think of a tax holiday for a couple of years then we can start talking else make them go sleep. this issues is a global issues and govt need to look inwardly on how to create more jobs outside the oil sector.
ReplyDeleteI only pray for God's intervention before the condition of Nigeria gets out of hand
ReplyDeleteThey should look for ways to create job opportunities so we don't have to depend or beg oil companies.... Buhari we are waiting ooo for the thousands of jobs you promised us ...
ReplyDeleteAll will be fine.
ReplyDeleteGod will definitely see us through in Jesus name Amen. Bcos I believe wt God all things are possible cos he as promise from d beginning of this year that HE'S GOING TO BE OUR HELPER AND OUR DELIVERER this year.
ReplyDeleteAlysyn, mk sense.. govt should also lower taxes on oil coys... oil coys should institute reasonable pay cuts
ReplyDeleteThis economy is a joke
ReplyDeleteHMMMM
ReplyDeleteAll will be fine.
ReplyDeleteThey shouldn't sack unemployed pple are much. God bless our economy.
ReplyDeleteIs well with us the unemployed.
ReplyDeleteDon't understand wot is going on, God help us
ReplyDeleteit is well...angelmakiz@yahoo.com
ReplyDeleteNot getting bera anymore. Una se the change government abi? Smh#Lindangwanu#
ReplyDeleteIt's not there fault that the oil price has nosedived so rapidly that most oil companies and oil servicing companies are laying off workers home and abroad. This is the reason why everyone is suggesting that Nigeria should diversify and increase her export potentials to create jobs and increase the GDP and foreign reserves. This oil price decline is affecting the global financial economy which Nigeria is not an exemption. It's a shame that we import most things that we can produce locally, toothpicks, rice, and even clothes. Places like Aba should be developed properly to assist the fashion industry. "They say, charity begins at home", but ours begin abroad!!! Nigeria is the hub to the African Economy, and yet we are import driven. We must re-focus on Agriculture and the manufacturing industries to close the widening gap of these economic depression and inflation that is gradually grounding the country to a halt. A stitch in time they say saves nine.
ReplyDeleteThis is what happen when you have a boy doing a man's job.Ngige is not fit for this herculean task.
ReplyDelete