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Udo Udoma Minister explains why FG asked banks not to sack workers

Udoma also said the government was sure of the future of the country’s economy, because of the plans they put in place.

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Senator Udoma Udo Udoma play

Senator Udoma Udo Udoma

(Union Bank)

The Minister of Budget and National Planning, Senator Udo Udoma said the Federal Government asked banks not to sack their staff, because they know that when the economy picks up, they will need the workers again.

Udoma said this after the Federal Executive Council (FEC) meeting which held today, Wednesday, June 8, 2016.

The minister also said the government was sure that the country’s economy will pick up because of the plans they put in place.

Udoma said “I will give you an indication of some of those things in the plan. For agriculture for instance, we plan to be self sufficient in rice within a certain number of years,  in wheat within a certain number of years.

“Indeed the Vice-President has just set up a task force headed by ‎the governor of Kebbi State to realise that. So we are implementing the plan one by one.”

Adding that “We have a plan to move this country up 20 places in the ease of doing business, we are working on that.

“We want to stimulate the private sector because we know that even the spending by government alone will not be sufficient, we also need to have policies that will encourage the private sector.”

Vice-President Yemi Osinbajo also led prayers for the recovery of three sick ministers and President Buhari during the Federal Executive Council meeting.

Ecobank Nigeria recently sacked more than 1040 employees.

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