Monitor performance of privatised agencies, FG urged
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.