Federal government Wednesday said that its conviction that the dwindling economy would soon pick was the main reason why it appealed to banks and other financial institutions to halt the retrenchment of workers.
This was even as it refuted claims in some waiters that there were directives for a mass sack of officers and men of Nigerian Immigrations Services, NIS, Nigeria Prisons Service, NPS and other paramilitary organizations.
Minister of Budget and National Planning, Senator Udo Udoma made the disclosure while fielding questions from State House Correspondents at the end of the Federal Executive Council, FEC, meeting at the presidential villa, Abuja on Wednesday.
He said that government has kicked off the process of reviving the ailing economy, saying that the banks would still need the staff later when the economy picks up.
The minister who vehemently denied any form of directive by government to retrench staff of NIS and NPS said the information was a piece of news to him.
He said: “That is news to me. I am not aware of any instruction to anybody to sack anybody. In fact, the policy of this government; we said so at the beginning that we are not going to retrench.
There is a natural wastage which happens in government. There are people who retire, people who may be disciplined but there is no policy in this government to retrench. So, I want to disburse your mind that there is no such policy.
“With regards to the plea to the private sector, it is because we know that by the time the economy picks up, they will need those people again. We know the economy is going to pick up. We are confident about that, that is because of our plan, the plan was conceived because we knew that this was the trajectory we will move into.
This was even as it refuted claims in some waiters that there were directives for a mass sack of officers and men of Nigerian Immigrations Services, NIS, Nigeria Prisons Service, NPS and other paramilitary organizations.
Minister of Budget and National Planning, Senator Udo Udoma made the disclosure while fielding questions from State House Correspondents at the end of the Federal Executive Council, FEC, meeting at the presidential villa, Abuja on Wednesday.
He said that government has kicked off the process of reviving the ailing economy, saying that the banks would still need the staff later when the economy picks up.
The minister who vehemently denied any form of directive by government to retrench staff of NIS and NPS said the information was a piece of news to him.
He said: “That is news to me. I am not aware of any instruction to anybody to sack anybody. In fact, the policy of this government; we said so at the beginning that we are not going to retrench.
There is a natural wastage which happens in government. There are people who retire, people who may be disciplined but there is no policy in this government to retrench. So, I want to disburse your mind that there is no such policy.
“With regards to the plea to the private sector, it is because we know that by the time the economy picks up, they will need those people again. We know the economy is going to pick up. We are confident about that, that is because of our plan, the plan was conceived because we knew that this was the trajectory we will move into.
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