The Federal Government has outlined its plans to sack workers to reduce the size of its workforce.
Â
Â
The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this while taking questions at the Public Presentation and Breakdown of Highlights of the 2022 Appropriation Act on Wednesday in Abuja.
Â
Â
Ahmed stated that the retrenchment of workers was a necessary step in stemming the huge amount spent on recurrent expenditure annually by the Federal Government.
Â
Â
The sacking of federal workers would emanate from the merger and dissolution of agencies and parastatals under different ministries, based on the Oronsanye Report.
Â
Â
The minister, however, added that there would be exit packages for the workers which would be disbursed immediately they are sacked.
Â
Â
She said, “There is a special committee, led by the SGF, that is working on the review of agencies, with a view to collapsing them partly using the Oransanye Report.
Â
Â
“At the end of it, what we want to do is to reduce the size of government and also to reduce the size of personnel cost and part of it will be designing the exit packages that are realistic.
Â
Â
“We are revenue challenged. So, for everything we do, we can’t put an exit package if you are not willing to cash it immediately. So, when you are asking people to exit by choice, you must be able to give them that package as they are exiting.”
Â
Â
“There are so many things that are happening. These are not easy decisions to make because they affect people and families. So, you have to make sure that whatever we commit to we are actually going to deliver on it,” Ahmed said.
Â
Â
Â
SPONSORED: For your surprise birthday, wedding or house-warming celebration, event, report, featured story, religious activities, and others reach us @Voice Air for media coverage. Available on request nationwide🏍️🚙 We promise to satisfy you to your taste. 08072633727 (For WhatsApp & calls)
The news you need is here đź’Ż%
President Bola Tinubu has asked the Senate to approve a bill seeking to establish the…
Operatives of the Nigeria Police Force have arrested a suspected ritualist, Saheed Babalola, for allegedly…
Political Realignments, Youth Exclusion and Cost of Living Dominate Abioye's Newspaper Review Analysis OSUN: Media…
Stefanie Kim Ladewig, the eight-month pregnant girlfriend of Super Eagles striker Victor Osimhen, has escaped…
As enrolment continues to rise and economic conditions remain tight, student housing crisis has deepened,…
Popular Nigerian gospel singer, Olayemi Bayonile Bolaji, known as Toluwanisings by many of fans is…