No Plan To Lay Off Federal Workers – Zainab Ahmed

January 6, 2022
Zainab Ahmed

Zainab Ahmed, minister of finance, budget and national planning, says the federal government has no plan to lay off workers in the federal public service.

Speaking on NTA’s ‘Good Morning Nigeria’ programme on Thursday, the minister stated that President Muhammadu Buhari had repeatedly said that no worker would be sacked.

Ahmed explained that FG needs to review the number of its ministries, parastatals and agencies (MDAs) to reduce personnel costs and have more revenue for capital projects.

Join our WhatsApp Channel

She, however, assured that such a review would not result in job losses in the public sector.

“Mr President doesn’t want to disengage staff. That is what he has directed from the beginning of his administration. He also directed that we pay salaries.

The Federal Government has never failed in paying salaries and he said we must always pay pensions. So, he has been consistent in those directives, and we have followed those directives to the letter.”

Responding to a question on how the federal government would cut costs through the review exercise, the finance minister said, “Well, we do hope that at the end of the exercise, some agencies will be merged and it will cut down operational costs.

“And also we will be able to come up with incentive packages to retrain people and redeploy them in some areas where they are useful.

“For example, we still have a very high need for teachers so we can retrain people and send them to teach but also incentive packages to exit. Again, that is also money. If you want people to exit you have to pay them.

“That is an incentive package so that they can go. That is why it is taking a lot of time because it is not easy to decide on this.

“Everything centres on resources. We need resources, and if we had a lot of money, we would just give very beautiful incentive packages, and people would exit and go and start their businesses, and we would reduce the size of the personnel cost.”

In November 2021, the federal government inaugurated two sub-committees on the implementation of the whitepaper on the restructuring of MDAs to reduce the cost of governance.
+ posts

Featured Stories

Latest from Business News

FCCPC) has approved an additional 211 digital money lenders, known as loan apps, marking an increase from 161 fully approved companies in September.

Zimbabwe Seeks $115 Million Afreximbank Loan to Revive State Railway

Written by Amanze Chinonye Zimbabwe’s state-owned railway operator is negotiating a $115 million financing facility with the African Export-Import Bank (Afreximbank) to acquire locomotives and wagons and rehabilitate parts of its ageing rail network, officials said. The National Railways of Zimbabwe (NRZ) is

U.S. Expands 50% Tariffs on Canadian Goods, Escalating Trade Dispute

Written by Amanze Chinonye The United States has expanded its 50% tariffs on Canadian imports to cover a broader range of consumer and industrial goods, including certain cheeses, motorboats, furniture, mattresses and selected aluminum and steel products, escalating a trade dispute between the
Nigeria Now Leading Cement Exporter In Africa – Dangote

Dangote Refinery Opens Africa’s Biggest IPO as Jet-Fuel Exports Surge

Written by Amanze Chinonye Dangote Petroleum Refinery and Petrochemicals opened its initial public offering on Monday, seeking to raise about 2.15 trillion naira ($1.6 billion) as the Nigerian refinery moves to expand production and broaden public ownership, Prime Business Africa reports.  Join our
BUA Group
Previous Story

BUA Foods Plc Receives Approval To List On NGX

Next Story

Tough Talking Super Eagles Arrive Cameroon, Set To Continue Training In Garoua

Don't Miss

What Some Nollywood Stars Told Me About My Christian Faith – Ekene Umenwa

Nollywood star actress Ekene Umenwa has sensationally revealed what she
powering africa summit

Power Africa to Host “Powering Africa Summit 2024” in March

The 9th Powering Africa Summit 2024 (PAS24) scheduled for the