• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

  • Fact-Check
  • Economy
    • Tinubu Jets to Brazil After Japan Summit, Eyes Trade, Security Deals

      Comptroller-General of Customs, Bashir Adewale Adeniyi (MFR), hosted the Executive Chairman of FIRS, Dr. Zacch Adedeji,

      Customs and the “National Single Window” Project

      FG Earmarks N13bn to Boost Power Infrastructure in Lagos, Ogun

      Centre for Crisis Communication, CCC,

      CCC Reviews Keyamo’s Crisis Management in Aviation Disputes

      NITDA Applauds Tech Giants for Advancing Online Safety in Nigeria

  • National
    • PHOTOS: Finally, President Tinubu Confirms Pedro as NTA DG, Announces Three…

      FG, States, LGs Share N2.001trn for July, Says FAAC

      FG Unveils Personal Income Tax Calculator Under New Reform Laws

      ACF

      ACF Decries Worsening Insecurity in the North

      Saudi Arabia Conducts Life-Saving Cardiac Surgeries in Kano

    • Government
      • FG, States, LGs Share N2.001trn for July, Says FAAC

        FG Unveils Personal Income Tax Calculator Under New Reform Laws

        Saudi Arabia Conducts Life-Saving Cardiac Surgeries in Kano

        FG Subsidises Dialysis Cost to N12,000, Says Northwest Not Excluded

        Ibrahim Yahaya Dandakata of Arewa Economic Forum AEF

        Arewa Economic Forum Alleges Targeted Removal of NTA Chief, Calls for…

  • Security
    • DSP Ikenga Tochukwu, PPRO Anamabra State Police Command,

      Police Command Moves to Address Protest Concerns in Anambra

      Nigerian Military Refutes Misinterpretation of CDS Self-Defence Comment

      CDS, General Christopher Musa and Katsina lawmakers, led by Senator Abdulazeez Musa Yar’Adua,

      CDS, Katsina Lawmakers Strategize to Tackle Banditry

      CP Jimoh Moshood

      Lagos Police Intercept Vehicle Loaded with Cannabis

      ACF

      ACF Decries Worsening Insecurity in the North

  • Features
    • The Arrest of Ansaru Kingpins Mahmud Muhammad Usman aka Abu Bara’a, and Mahmud al-Nigeri aka Mallam Mamuda

      Ribadu and the fall of Ansaru By Senator Iroegbu

      Fixing the Fault Lines in Nigeria’s Culture of Recognition, By Mukhtar…

      How Desperation Turns Nigerian Job Seekers Into Scam Targets By Tahir…

      Festus Keyamo Aviation Minister

      Rebuilding Trust in Nigeria’s Aviation Through Crisis Communication, By Mukhtar Ya’u…

      President Bola Ahmed Tinubu

      Citizen’s Diary: The message from the South-East to President Tinubu, by…

  • State
    • CP Jimoh Moshood

      Lagos Police Intercept Vehicle Loaded with Cannabis

      ACF

      ACF Decries Worsening Insecurity in the North

      Nigerian Navy Personnel

      Navy Hands Over Seized Smuggled Rice, Cannabis to Customs, NDLEA, Rescues…

      Inspector-General of Police Kayode Adeolu Egbetokun

      Police Creates 2 New Area Commands, Upgrades 5 Divisions in Benue…

      Military Troops in Action

      Troops Eliminate 2 Top ISWAP Commanders, Others in Borno

  • Event
    • President Bola Ahmed Tinubu

      His Death is a National Loss, Tinubu Mourns Emir of Zuru

      Umar Lauya

      Umar Lauya Declares Candidacy for NYCN Presidency, Vows to Unite and…

      The Executive Secretary/CEO of the National Sugar Department Council (NSDC), Mr. Kamar Bakrin (L), with the CEO of Legacy Sugar Company, Alh. Abubakar Isa Musa (R), during the signing ceremony.

      NSDC, New Operators Seal Landmark Development Agreements, to Produce 400,000MT of…

      Regional Vice President Western and Central Africa at the World Bank, Mr Ousmane Diagana pays a courtesy visit to Baze University

      World Bank Vice President visits Baze University, Commends Educational Standards, Assures…

      NIPR President Ike Neliaku and a recently inducted PR professional from Kano

      PHOTOS: NIPR Inducts 80 New PR Professionals in Kano to its…

    • PR Nigeria Award
  • E-Paper
Home National Make human resource heart of economic agenda, MINILS DG advises government
  • National

Make human resource heart of economic agenda, MINILS DG advises government

By
Prnigeria
-
November 3, 2024
PRNigeria logo fearured image

Make human resource heart of economic agenda, MINILS DG advises government

Director General, Michael Imoudu National Institute of Labour Studies (MINILS), Comrade Issa Aremu, has advised the federal government to mainstream Human Resources in the economic reform agenda in order to achieve desired ends of economic growth and poverty eradication.

The foremost labour leader gave the advice while speaking with newsmen during the third annual Kwara state conference of the Chartered Institute of Personnel Management of Nigeria (CIPM) held at the Institute in Ilorin.

Comrade Aremu observed that “precisely because world wide labour creates wealth” Human Resources should be both the “drivers” and “ends” of reform for sustainability. While commending President Bola Tinubu for initiating inevitable reforms however said it was time to “rethink” monetary policies that have eroded purchasing power of working men and women through avoidable devaluation and rising inflation. According to him, Nigeria faces the “twin crises of low compensation and low productivity” adding that it was time for a wage-led economic recovery for sustainable development.

“While I commend the CIPM for putting human resource at the centre of national discussion, because reforms are inevitable despite the challenges involved. However, these reforms can only be successful when we carry the human resource, the human beings, along. And in this case, I can say labour is at the heart of it because labour creates wealth”, he said.

“Because, it’s only when you pay them for the work done that you can get the best out of them. There is a direct link with productivity and proper motivation of the work force”, he said.

Read Also:

  • Police Command Moves to Address Protest Concerns in Anambra
  • PHOTOS: Finally, President Tinubu Confirms Pedro as NTA DG, Announces Three Female Executive Directors
  • Nigerian Military Refutes Misinterpretation of CDS Self-Defence Comment

While he commended President Tinubu and Federal Government, organized labour and the sub national for the new minimum wage implementation, Aremu however, said that minimum wage is not same as living wage, adding that through sectoral collective bargaining and social dialogue it was time for wage improvement that would guarantee adequate working and living conditions for enhanced productivity.

He called on government to promote more negotiations and collective bargaining in the respective sectors of the economy, in order to start talking about real adequate pay for workers.

“The minimum wage is significant, but in real terms when you take inflation and devaluation of the naira, you will see that the new minimum wage is even less than the old minimum wage”, he said.

He charged members of the CIPM and all labour market actors to make a case for appropriate monetary policy that would promote decent work , real as opposed to nominal purchasing power. He saying that stakeholders should relook at the monetary policy of wholesale floatation of naira, which he said is not appropriate for developing nation like Nigeria.

“Our currency needs to be well managed.There’s no where in the word you allow your currency to be vagaries of the market forces. CBN should not only be targeting inflation, but target growth and purchasing power of the citizens”

“You’re targeting inflation and you’re hiking interest rate. Who can borrow money at 36% interest rate? And you allow naira to float in a way that drastically devalued the new minimum wage. So, what the President has commendably given with the right hand through collective bargaining with labour has been taken away by the left hand of devaluation. We should initiate monetary policies that will ill assist the President to eradicate poverty, lower inflation and ensure double digit growth rate”

The MINILS director general, who said that the conference, themed, “Human Resource Management in a VUCAR (volatile, uncertain, complex, ambiguous, and risky) World: Building Resilience and Agility”, challenged government to take labour market institutions dealing with human resource more serious though adequate funding and engagement.

“The Federal Government should make labour market institutions partners in the reform agenda of government.)”, he said.

By PRNigeria

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Chartered Institute of Personnel Management of Nigeria
  • National Institute of Labour Studies
Previous articleChad Threatens Pullout from MNJTF Amid Boko Haram Resurgence
Next articleNigeria Customs and Driving the AfCFTA Implementation By Abdulsalam Mahmud
Prnigeria
Prnigeria
Xing

RELATED ARTICLESMORE FROM AUTHOR

PHOTOS: Finally, President Tinubu Confirms Pedro as NTA DG, Announces Three Female Executive Directors

FG, States, LGs Share N2.001trn for July, Says FAAC

FG Unveils Personal Income Tax Calculator Under New Reform Laws

ACF

ACF Decries Worsening Insecurity in the North

Saudi Arabia Conducts Life-Saving Cardiac Surgeries in Kano

Chief of Defence Staff (CDS), Gen. Christopher Musa

CDS Musa Charges Citizens to Learn Combat Skills for Self-Defence

Counter-Terrorism: ​MNJTF, OPHK Commanders Assess Lake Chad Operations

IGP Kayode Egbetokun Police Boss

Police Partner Experts on Internal Security as IG Inspects Intelligence Facilities in Abuja

Gunmen Kill Five in Plateau as Army Moves to Contain Tiv-Fulani Clashes in Taraba

NSCDC: Interior Minister Decorates 22 Newly Promoted ACGs in Abuja

ARCHIVE: Bandits' Informant captured in katsina

Hunter, Farmer Killed as Villager Eliminates Armed Bandit in Separate Attacks in Northcentral

Inspector-General of Police Kayode Adeolu Egbetokun

IGP Upgrades Police Medical Section to Directorate Status

Recent Posts

  • Police Command Moves to Address Protest Concerns in Anambra
  • PHOTOS: Finally, President Tinubu Confirms Pedro as NTA DG, Announces Three Female Executive Directors
  • Nigerian Military Refutes Misinterpretation of CDS Self-Defence Comment
  • CDS, Katsina Lawmakers Strategize to Tackle Banditry
  • FG, States, LGs Share N2.001trn for July, Says FAAC
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Police Command Moves to Address Protest Concerns in AnambraPHOTOS: Finally, President Tinubu Confirms Pedro as NTA DG, Announces Three Female Executive DirectorsNigerian Military Refutes Misinterpretation of CDS Self-Defence CommentCDS, Katsina Lawmakers Strategize to Tackle BanditryFG, States, LGs Share N2.001trn for July, Says FAACLagos Police Intercept Vehicle Loaded with CannabisFG Unveils Personal Income Tax Calculator Under New Reform LawsACF Decries Worsening Insecurity in the NorthNavy Hands Over Seized Smuggled Rice, Cannabis to Customs, NDLEA, Rescues Trafficking VictimsPolice Creates 2 New Area Commands, Upgrades 5 Divisions in Benue to Boost SecurityAnambra Police Nab Suspected Vandals, Recover Transformer Parts, High-Tension CablesTinubu Jets to Brazil After Japan Summit, Eyes Trade, Security DealsTroops Eliminate 2 Top ISWAP Commanders, Others in BornoSaudi Arabia Conducts Life-Saving Cardiac Surgeries in KanoCDS Musa Charges Citizens to Learn Combat Skills for Self-Defence
X whatsapp