Jobs/Appointments
Kaduna is Sacking Workers to Save Scarce Funds—El-Rufai
By Adedapo Adesanya
The Governor of Kaduna State, Mr Nasir El-Rufai, has explained the reason his administration is trimming the workforce of the state’s public service is due to the dwindling financial resources and higher wage bills which the government cannot be able to sustain, noting that the exercise will help the government to save scarce funds.
The Kaduna state government had on April 6 disengaged 4,000 local government workers and this development has raised dust, especially from the state chapter of the Nigeria Labour Congress (NLC).
The body kicked against the decision, calling on the state government to reverse the decision and seek alternative means of running its affairs without inflicting additional pains on the public.
In a statement signed by his spokesman, Mr Muyiwa Adekeye, Governor El-Rufai insisted that the government was not elected just to pay salaries of public servants alone, but to also develop the state by building schools, hospitals, upgrading infrastructure and making the state more secure and attractive to the private sector for jobs and investments.
Mr El-Rufai pointed out that what it has been receiving from the federal allocation committee since the middle of 2020, like most other sub-nationals, can barely pay salaries and overheads, adding that in the last six months, personnel costs have accounted for between 84.97 per cent and 96.63 per cent of Federation Account Allocation Communication (FAAC) transfers received by the Kaduna State Government.
“In November 2020, KDSG had only N162.9 million left after paying salaries. That month, Kaduna State got N4.83 billion from FAAC and paid N4.66 billion as wages. In March 2021, Kaduna State had only N321 million left after settling personnel costs,” a part of the statement read.
The statement pointed out that “last month, the state got N4.819 billion from FAAC and paid out N4.498 billion, representing 93 per cent of the money received.
‘’This does not include standing orders for overheads, funding security operations, running costs of schools and hospitals, and other overhead costs that the state has to bear for the machinery of government to run, for which the state government taps into IGR earnings.”
The Kaduna State Government said it believes that the overall wages of the public sector are still relatively low, noting that the current levels were obviously limited by the resources available to the government.
The government further argued that the public service of the state with less than 100,000 employees (and their families) cannot be consuming more than 90 per cent of government resources, with little left to positively impact the lives of the more than 9 million that are not political appointees or civil servants, adding that it is gross injustice for such a micro-minority to consume the majority of the resources of the state.
In addition, it pointed out that the measures which the government took to cope with the COVID-19 pandemic have shown clearly that the public service requires much fewer persons than it currently employs.
The statement recalled that “in September 2019, Kaduna State Government became the first government in the country to pay the new minimum wage and consequential adjustments. The state government followed this up by increasing the minimum pension of persons on the defined benefits scheme to N30,000 monthly.
“This step to advance the welfare of workers significantly increased the wage burden of the state government and immediately sapped up the funds of many local governments.”
According to the state government, “what each public servant earns might be puny in comparison to private-sector wages, but the total wage bill consumes much of the revenues of the state.
‘’Therefore, the state government has no choice but to shed some weight and reduce the size of the public service. It is a painful but necessary step to take, for the sake of the majority of the people of this state.”
While justifying the job cut, the statement, however, described it “as a painful but necessary step to take, for the sake of the majority of the people of this state.”
The Governor further said that the rationalisation exercise will also affect political appointees, stating that its purpose is to save funds and ensure that a strong and efficient public service exists to use those resources to implement progressive programmes and projects for the people, and thereby develop the state.
‘’The public service is an important institution, and it should therefore maintain only an optimum size.
“Faced with a difficult situation, the Kaduna State Government is persuaded that it cannot refuse to act or act in ways that only conduce to populist sentiment, without solving the fundamental problem,” he said.
By Adedapo Adesanya
The Central Bank of Nigeria (CBN) has dismissed claims of forced mass retirement as part of efforts by Governor Yemi Cardoso to restructure the workforce of the organisation.
In a statement released on Wednesday, the Acting Director of Corporate Communications, Mrs Hakama Sidi Ali, clarified that its Early Exit Package (EEP) is entirely voluntary and without any negative repercussions for eligible staff.
According to the statement, the decision to implement the exercise was the outcome of extensive consultations with the bank’s Joint Consultative Council (JCC), a body representing staff interests.
Mrs Sidi Ali explained that the EEP, a longstanding policy previously accorded to the executive cadre, has now been made available to eligible staff at all levels.
“For some time, staff representatives through the JCC had called on management to approve the early exit package for all cadres. Following these discussions, management decided to meet this popular demand,” she said in the statement.
Addressing concerns about potential repercussions for staff who decline the package, Mrs Sidi Ali reaffirmed management’s commitment to supporting employees’ professional growth and well-being, describing the concerns as unfounded.
She further emphasized that the initiative is an internal corporate matter designed to promote career development for staff.
According to wide spread reports, there have been plans to retire approximately 1,000 employees by the end of the year with a payoff estimated to cost over N50 billion.
The mass retirement, which was announced in a circular issued three weeks ago, mandates affected employees to apply for the Early Exit Package (EEP).
The statement allegedly warned employees with less than one year of service or unconfirmed appointments to refrain from applying for the program, noting that the application would remain open until December 7, with an effective exit date of December 31, 2024.
It was reported that the entire EEP was valued at N50 billion.
By Modupe Gbadeyanka
The Central Bank of Nigeria (CBN) has approved the appointment of Mr Benson Ogundeji as the chief executive of Greenwich Merchant Bank Limited.
The board of the financial institution for businesses had picked Mr Ogundeji as its substantive CEO but awaited the authorisation of the banking sector regulator.
He brings over three decades of extensive banking experience to this role as a seasoned financial services professional, who previously served as Executive Director at Greenwich Merchant Bank from July 2020, where he played a pivotal role in the bank’s successful transition from the legacy Greenwich Trust Limited to a merchant bank.
In this capacity, he provided oversight for Corporate Banking, Treasury and Global Markets.
Throughout his career, Mr Ogundeji has demonstrated exceptional expertise in business development and operational excellence.
Before joining the firm, he held various senior leadership roles at prominent financial institutions, including Ecobank Nigeria, GTBank, and other notable banks, where he consistently displayed exceptional leadership skills.
His appointment comes at a crucial time as Greenwich Merchant Bank commences the next phase of its growth plans. Having related closely with the new CEO, as an Executive Director and acting CEO in the last four years, the board has expressed confidence about his ability to lead the bank in delivering our strategic goals.
“The board is pleased to announce the appointment of Benson Ogundeji as our Managing Director/Chief Executive Officer,” the chairman of Greenwich Merchant Bank, Mr Kayode Falowo, stated.
By Adedapo Adesanya
The General Council of the World Trade Organisation (WTO) has reappointed its Director-General, Mrs Ngozi Okonjo-Iweala, for a second term, effective September 1, 2025.
On October 8, the WTO formally commenced the process for appointing its next Director-General, with members given until the 8th of November to submit nominations.
She was elected unopposed after no candidates stepped forward for the position of Director-General had emerged by the nomination deadline, other than the incumbent Director-General.
DG Okonjo-Iweala’s current term comes to an end on August 31, 2025.
She first assumed office as Director-General on March 1 2021, becoming the first woman and first African to lead the WTO.
Her reappointment comes after a special formal meeting of the General Council which started on Thursday, November 28 and culminated on Friday.
The first day of the General Council meeting saw members hear a presentation from Mrs Okonjo-Iweala on her vision for the WTO, followed by a question-and-answer session.
The second day then provided an opportunity for members to decide on the appointment of the next Director-General, to which they gave the Nigerian former finance minister another four years at the helm of affairs.
Speaking on her achievement, the Chairman of the trade body’s council, Ambassador Petter Ølberg of Norway praised her achievements, stating: “The General Council commends Dr. Ngozi Okonjo-Iweala for her outstanding leadership during her first term. Amid significant global economic challenges, she strengthened the WTO’s ability to support its members and set a forward-looking agenda for the organization.
“Her leadership was instrumental in securing meaningful outcomes at pivotal moments, including the 12th and 13th Ministerial Conferences (MC12 and MC13), where major milestones were achieved.”
“As we look ahead, the Council fully supports Dr Okonjo-Iweala’s commitment to ensuring that the WTO remains responsive, inclusive, and results-driven. Her leadership will be critical as the organization continues to advance a resilient, rules-based, and equitable global trading system.”
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