By Daniel Idonor
VICE President Goodluck Jonathan yesterday convened a meeting over the state of the countryâ€™s economy which was attended by key players from both public and private sectors with the Organized Private Sector (OPS) well represented.
The meeting also deliberated on the massive lay-off of staff in the banking sector, and also discussed ways of addressing problems in the power sector.
The closed door meeting took place lasted about three hours.
Government officials at the meeting include the Governor of the Central Bank of Nigeria, Dr. Lamido Sanusi; the Minister of Finance, Dr. Mansur Mukhtar; the Minister of State for Finance, Mr. Remi Babalola; the Minister of National Planning, Dr. Shamsudeen Usman; the Minister of Power, Mr. Lanre Babalola; the Minister of Labour, Prince Adetokunbo Kayode; and the Minister of State for Petroleum Resources, Mr. Odein Ajumogobia.
Others are the Secretary to the Government of the Federation, Mr. Yayale Ahmed; the National Security Adviser, Col. Sarki Mukhtar (rtd), the Director-General of the National Economic Summit Group, Mr. Frank Nweke Jnr., Mr. Atedo Peterside of IBTC-Stanbic Bank, the Deputy-Governor of the CBN, and representatives of the banking and manufacturing sectors.
Speaking after the meeting, Sanusi said, â€œWe reviewed the economy and noted that jobs are created by the real sector; we decided that we should fact_track the power reforms and that we should fast_track the processes for the revival of the manufacturing and other productive sector.
â€œThe position of banks and their workers was already sorted out yesterday at a meeting with the labour minister, the CBN was represented, the unions were represented and the labour was represented.
â€œIt was decided that the banks must engage their unions, they will abide by the terms of collective agreement and they will take decisions in line with the law and those agreementsâ€.