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FG to use proceeds of deregulation to create jobs

The Federal government has assured that proceeds from the  proposed deregulation of the down stream sector of the oil industry which  would take into consideration the views of all the stakeholders including the Nigeria Labour Congress, would   be used to create more jobs for Nigerians.

The Minister of  Labour and Productivity,Prince Adetokunbo Kayode, SAN, speaking  at Ilorin at the fifth National Labour Relations Summit  tagged:

“Challenges of  Labour Administration on the Era of Global Economic Crisis- Implications for sustainable development” held at Michael Imoudu National Institute for Labour Studies explained that the federal government   would not impose full deregulation of the petroleum sector on the teaming Nigerians as   the views of labour and all stakeholders would be considered in putting it to final rest including that of the proposed minimum wage.

He lamented  that about N55b being used to subsidized the importation of the petroleum products before now would be used to provide quality jobs for Nigerians stressing that no reasonable government would not deregulate knowing fully well that such huge amount was going into the few pockets of the cartel importing the products.

The Minister lamented  that the development has continued to have a serious  adverse effects on the socio economic growth of the country which no serious government would continue to tolerate .

Kayode assured   that, by the time the deregulation is implemented, the proceeds from it would be used to develop the economy and this would also create jobs for theunemployed graduates in the country.

His words: “The present administration has continued to place premium on consultations and dialogue in its policies since social dialogue has remained a major factor that can move any society forward”. He  noted that in doing this, labour movement in Nigeria and all other stakeholders have been involved in the ongoing deliberations on the full implementation of the two national policies in the country .

He stressed that, “the development has led to the recent composition of Government Labour relations committee headed by the Secretary to the Government of the Federation, Alhaji Mahmud  Yayale Ahmed, the oil and gas consultative committee and the national minimum wage committee headed by the retired Justice Alfa Belgore  as well as the ongoing consultations on the deregulation of thedown stream oil sector”.

The Minister also  harped on the  ongoing deliberations on the implementation of national minimum wage for teeming workers are reflecting the wishes of labour movement and other stakeholders as their inputs have been vigoriously considered by the Justice Belgore commitee saddle with the responsibility of proposing a living-wage fir Nigerian workers.

He said , the tripartite committee on minimum wage which had been broken down into sub-committees would soon sumbit its reports to the federal government said that, it was after this submission of the report that the federal executive council would deliberate on it.

As the chairman of ECOWAS ministers of labor, he said, “we shall use MINILS as one of the institutions to promote economic integration in the sub region through capacity building programmes of the social partners”

“Beginning from the 2010 session therefore, MINILS has been empowered to award fellowship of excellency to deserving leaders that have contributed selflessly to the promotion of industrial peace and harmony, workers friendly policies, and labor education generally” he added


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