Labour: N609.3bn has been spent on Labour Liabilities- The Director General, Bureau of Public Enterprises (BPE), Mr. Benjamin Dikki, says FG had spent about N609.3 billion between 2000 and 2013 in settlement of labour liabilities in the privatized public enterprises. The settlement of labour liabilities in the power sector alone gulped about N384.062 billion, representing 63 per cent of the entire N609.3 billion disbursement. Labour resolution in the telecommunications sector, particularly the Nigerian Telecommunications Limited (NITEL) and its mobile arm, M-tel gulped about N126.7 billion. FG has further spent about N67. 7 billion in the settlement of labour liabilities in the transport and aviation sector with bulk of it spent on the settlement of liabilities of the workers of Nigeria Ports Authority (NPA). The steel sector consumed about N10.7 billion in settlement of labour liabilities while issues in the agro-allied sector gulped about N8.9 billion. Insurance sectors N4.7 billion; sugar companies consumed N3,527,095,184.00; paper mills, N417,447,000.00; hospitality industry N1,262,708,633.60; cement companies N636,324,705.00; media enterprises, N505,874,001.23; and petrochemicals N106,615,529.87. All the proceeds realised from the sale of power assets were committed to settling labour liabilities.
Posted on: Mon, 18 Nov 2013 02:32:44 +0000
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