Mon­i­tor per­for­mance of pri­va­tised agencies, FG urged

Daily Trust - - BUSINESS - From Mo­hammed Shosanya, La­gos

The Trade Union Congress of Nigeria (TUC) has en­joined the Federal Govern­ment to set up mech­a­nism to mon­i­tor the per­for­mance of pri­va­tised en­ti­ties in the coun­try.

TUC Pres­i­dent Com­rade Bala Kaigama gave the ad­vice in a paper ti­tled: “The Press and La­bor in the era of pri­va­ti­za­tion,” he pre­sented at the ca­pac­ity build­ing pro­gramme of the La­bor Writ­ers As­so­ci­a­tion of Nigeria (LAWAN), which held in Ibadan, Oyo State cap­i­tal, at the weekend.

He ex­plained that the mon­i­tor­ing mech­a­nism was nec­es­sary in or­der to en­sure that the new own­ers of the en­ti­ties lived up to the govern­ment’s ex­pec­ta­tions of run­ning the en­ter­prise in an ef­fi­cient and labourfriendly man­ner.

He said: “For in­stance, there is need to keep record of ac­cu­rate fig­ures on pre-pri­vati­sa­tion and post-pri­vati­sa­tion em­ploy­ment lev­els, in­clud­ing sta­tis­tics that show whether em­ploy­ment is de­clin­ing or in­creas­ing. Other sta­tis­tics should in­clude how much of ca­pa­ble and qual­i­fied labour will be ab­sorbed by the buy­ers.’’

Ac­cord­ing to him, there was need for the Federal Govern­ment to en­sure that work­ers get own­er­ship of some shares in the en­ter­prise be­fore pri­vati­sa­tion.

He ex­plained that work­ers could be al­lo­cated a per­cent­age of the share­hold­ing at a spe­cial dis­counted price with a view to eman­ci­pat­ing and help­ing them to climb up the so­cio-eco­nomic lad­der.

He also ad­vised that the govern­ment should in­sist that the would-be pri­vate own­ers of the en­ter­prise sign a bond guar­an­tee­ing that no worker of the en­ter­prise would be laid off or have his ben­e­fits re­duced af­ter the pri­vai­sa­tion of the en­ter­prise.

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