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Nairaland Forum / Nairaland / General / Career / Recession: Construction Firms Sack 65,000 Workers (26408 Views)
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Re: Recession: Construction Firms Sack 65,000 Workers by 400billionman: 9:04am On Nov 05, 2015 |
adioolayi: Once there are no ongoing projects, Construction companies normally weed off 80% workforce. It is a manpower dependent sector. |
Re: Recession: Construction Firms Sack 65,000 Workers by Obynolee(f): 9:09am On Nov 05, 2015 |
tolustx: Because Nigeria is in auto pilot,why wouldn't the economy nose dive?, where we have a president that thinks that this is 1983,what direction is our economy going since May?,who is that foreign investor that will risk his money in such a vision less and direction less economy like ours? 1 Like |
Re: Recession: Construction Firms Sack 65,000 Workers by 400billionman: 9:10am On Nov 05, 2015 |
bushdoc9919: The three sectors you are mentioning do not generate funds for govt. He should concentrate on Customs, FIRS, Immigration, and other fund generating agencies. You and i know that Mass transit belongs to Igbos. 95% of Mass transit ventures do fail. It is not for feeble minds. |
Re: Recession: Construction Firms Sack 65,000 Workers by Barcholder: 9:17am On Nov 05, 2015 |
14: Nigeria is so broke that it's just today authorised the payment of N470 Billion in fuel subsidy payments to petrol marketers, payments that were declined to be paid by the last administration due to the fact that they are largely fraudulent. You couldn't make it up. |
Re: Recession: Construction Firms Sack 65,000 Workers by 400billionman: 9:21am On Nov 05, 2015 |
uridadole: Which bank did Alison keep the dollar billions abeg ? Make i join you retrieve am. |
Re: Recession: Construction Firms Sack 65,000 Workers by gsalvatore: 9:22am On Nov 05, 2015 |
nnachukz:hhahahaha...funny enough this happened to many people in the civil service...now they are being retired back to their villages. The Nigerian customs senior officers sack comes to mind.. I always know this will happen... |
Re: Recession: Construction Firms Sack 65,000 Workers by porka: 9:23am On Nov 05, 2015 |
[size=13pt]Similar headlines from newspaper cuttings in 1984 - 1985 were shown to the young twitter children before the election. But they were ready to commit suicide for Buhari then. Some even said their fathers were victims of retrenchment then, but that they have 'forgiven' him. The whole thing looked very much like 'hypnotism'. [/size] 6 Likes |
Re: Recession: Construction Firms Sack 65,000 Workers by petrelli07: 9:24am On Nov 05, 2015 |
Wailers are pretty dumb.. I just confirmed that... If they'd read the article they'd bow their heads in shame. The contractors have not been given any capital funds since 2014. I guess buhari was President then right? |
Re: Recession: Construction Firms Sack 65,000 Workers by gsalvatore: 9:33am On Nov 05, 2015 |
Barcholder:Some Nigerians are so mean that they prefer to live in denial. Before the elections,the APC were saying Nigeria has money now they have changed their tune....all of a sudden they realized that the oil price is dwindling... This administration is killing this economy...but its cool to some wicked folks because they supported the president and even if he is wrong (of which nobody is perfect)they will instead die before agreeing he is wrong... The way some folks are brainwashed/going about APC/PMB thing, When they will finish looting their own they wont even know whats going on... The fight for corruption is a tool to Loot...money recovered are never accounted for 2 Likes |
Re: Recession: Construction Firms Sack 65,000 Workers by porka: 9:36am On Nov 05, 2015 |
petrelli07:[size=13pt] Has Buhari given them any 'capital funds' since May 29th, 2015? You are sounding very pathetic. Did they sack them in 2014? If the firms have been given money since 2014 and about 65,000 are being employed right now, won't you come out and shout sai Baba as usual? 65,000 Nigerian workers are reportedly sacked and you are not showing any empathy. Are you a sociopath?[/size] 1 Like |
Re: Recession: Construction Firms Sack 65,000 Workers by jogojogo: 9:36am On Nov 05, 2015 |
simtosul: I guess most people commenting on this topic are so blinded by hate, sentiment and ignorance to have understood the depth of what is happening. How many people commenting here observed that the Federal Government and State Government (inclusive) failed to pay these construction Companies since AUGUST 2014. That means, no payment in AUGUST, SEPTEMBER, OCTOBER, NOVEMBER, DECEMBER, JANUARY, FEBRUARY, MARCH, APRIL and MAY. That is ten months project owed by the Federal and State Government before the assumption of Power by the APC led Federal Government and other State Government on May 29th, 2015. Imagine the massive depth profile left behind for the incoming Government. As if this is not enough, most State Government could not afford to pay salary for several months until the current Government (Federal) came to the rescue through the provision of bail out. No wonder President Buhari keep emphasizing the massive financial misappropriation and unprecedented looting that took place in the past regime. It would be a great disservice and sheer hypocrisy to turn blind eye or deaf hear to the effect and impact of these wastage/embezzlement that characterizes the immediate past Government. Now has a people, we don't want to listen when the alarm is raised by the Government on what is obvious yet we want to criticize and condemn "blindly" when the impact/effect starts hitting hard on the Nation. 1 Like |
Re: Recession: Construction Firms Sack 65,000 Workers by jogojogo: 9:38am On Nov 05, 2015 |
simtosul: I guess most people commenting on this topic are so blinded by hate, sentiment and ignorance not to have understood the depth of what is happening and the little piece of information expressed in this topic. How many people commenting here observed that the Federal Government and State Government (inclusive) failed to pay these construction Companies since AUGUST 2014. That means, no payment in AUGUST, SEPTEMBER, OCTOBER, NOVEMBER, DECEMBER, JANUARY, FEBRUARY, MARCH, APRIL and MAY. That is ten months project owed by the Federal and State Government before the assumption of Power by the APC led Federal Government and other State Government on May 29th, 2015. Imagine the massive depth profile left behind for the incoming Government. As if this is not enough, most State Government could not afford to pay salary for several months until the current Government (Federal) came to the rescue through the provision of bail out. No wonder President Buhari keep emphasizing the massive financial misappropriation and unprecedented looting that took place in the past regime. It would be a great disservice and sheer hypocrisy to turn blind eye or deaf hear to the effect and impact of these wastage/embezzlement that characterizes the immediate past Government. Now has a people, we don't want to listen when the alarm is raised by the Government on what is obvious yet we want to criticize and condemn "blindly" when the impact/effect starts hitting hard on the Nation. I wish we would put away sentiment, emotion and look at things objectively. |
Re: Recession: Construction Firms Sack 65,000 Workers by porka: 9:38am On Nov 05, 2015 |
gsalvatore:[size=13pt] Has any money even been recovered? The last time he was asked, he said he won't mention the amount? Why the secrecy?[/size] 1 Like |
Re: Recession: Construction Firms Sack 65,000 Workers by petrelli07: 9:41am On Nov 05, 2015 |
porka:Did buhari plan the 2015 budget? Has the 2015 budget tenure expired? the answer, my dear friend is NO. This government cannot inaugurate any capital expenditure not captured in the budget... |
Re: Recession: Construction Firms Sack 65,000 Workers by porka: 9:42am On Nov 05, 2015 |
jogojogo: [size=13pt]They are asking for payment from August 2014 to October 2015. Has he paid them from May 29th to October 2015?[/size] 1 Like |
Re: Recession: Construction Firms Sack 65,000 Workers by Inspectahdeck(m): 9:44am On Nov 05, 2015 |
Henrypraise: Youwin is Jonathan’s baby and he campaigned with same as his achievement. Therefore, you don't expect buhari to continue with the scam project. Have you heard that sure-p is no more. With the billions invested into the project, they claim majority of the fund was diverted into east-west road that had a budget. They claim they employed millions of graduate to become traffic thugs and campaign touts. How do you expect a government to work when there is no money for same. The last government borrowed to pay salaries don't forget. How do you expect this government to pay for those over prices contracts? Why didn't the contractor collect their monies from the past government before they left? Why didn't the passed government pay their debt since August? Again let not forget that the past government recorded the highest crude oil price with over $100 and nothing to show for. Where are the trains? Where are the employed (only unskilled jobs were created by the construction companies)? Are the airports completed with the over 1 billion dollars (loan) spent? What happened to the subsidy money (balance)? This guys didn't expect what they met NO MONEY 27 states couldn't pay salaries. Change is a slow process, let's give them time. One thing I know governance is taking shape No more IMPUNITY. Change never comes easy. |
Re: Recession: Construction Firms Sack 65,000 Workers by Kposkila: 9:44am On Nov 05, 2015 |
Sijo01: You mean poo Buhari? 1 Like |
Re: Recession: Construction Firms Sack 65,000 Workers by porka: 9:47am On Nov 05, 2015 |
petrelli07: [size=13pt]You are even sounding very pathetic. The food he is eating and his upkeep and his family's, are they not in the same budget? Why didn't he refuse that as well because he didn't plan the budget? Are you this dumb? What stops him from submitting a supplementary appropriation bill for the past 5 months? [/size] 3 Likes |
Re: Recession: Construction Firms Sack 65,000 Workers by wristbangle: 9:51am On Nov 05, 2015 |
Pidggin: Had it been GEJ is still the president, Nigeria would have been declared bankrupt. |
Re: Recession: Construction Firms Sack 65,000 Workers by DanielPop(m): 9:52am On Nov 05, 2015 |
if u didnt understand it then when PDP was warning u not to vote APC, u wont understand it now. So goodluck! tolustx: 2 Likes |
Re: Recession: Construction Firms Sack 65,000 Workers by Ibelove: 9:54am On Nov 05, 2015 |
so 65000 have been added to our number? OK. |
Re: Recession: Construction Firms Sack 65,000 Workers by Nobody: 9:54am On Nov 05, 2015 |
Trut: Bruhhh, |
Re: Recession: Construction Firms Sack 65,000 Workers by Nobody: 9:56am On Nov 05, 2015 |
wristbangle: It's only a matter of time before you have more lies than you can swallow. 1 Like |
Re: Recession: Construction Firms Sack 65,000 Workers by petrelli07: 9:56am On Nov 05, 2015 |
porka:You seem not to get it. The budget is operating on a deficit already because despite all expert warnings, the GEJ led government put crude benchmark at $65 per barrel. Now crude has fallen to about $45 and you want a supplementary budget? Like our outstanding debts are not enough... The obvious strategy by the pmb government is to see the previous administration's budgets' life out then bring up theirs... it's painful and it'll hurt but it's a good plan... |
Re: Recession: Construction Firms Sack 65,000 Workers by LastProphet: 9:58am On Nov 05, 2015 |
Trut: Mr intelligent go back and read the post again! mumu! "They stopped getting payment since August 2014," who was president in August 2014? who awarded the jobs? mumu |
Re: Recession: Construction Firms Sack 65,000 Workers by Pidggin(f): 10:00am On Nov 05, 2015 |
wristbangle: Lol you know that's a big LIE! But you may soon get your wish with PMB in power 1 Like |
Re: Recession: Construction Firms Sack 65,000 Workers by wristbangle: 10:00am On Nov 05, 2015 |
engrkenny: I am not calling PMB a saint but the way GEJ was wrecking the nation made Nigerians to vote him out. |
Re: Recession: Construction Firms Sack 65,000 Workers by SeverusSnape(m): 10:03am On Nov 05, 2015 |
400billionman:Yes o Let them enjoy the "change". 1 Like |
Re: Recession: Construction Firms Sack 65,000 Workers by MrEverest(m): 10:03am On Nov 05, 2015 |
hedonistic:The whole country is on stand-still, nothing is going on both N-S-E or W! Nigeria is already neck-deep in recession!!!!! |
Re: Recession: Construction Firms Sack 65,000 Workers by wristbangle: 10:04am On Nov 05, 2015 |
Pidggin: Like seriously!!! U mean u are in support of that clueless man? What did he do to our money when the oil price was at peak? What did he do to transform other sectors? Not that I like PMB like that but having GEJ in power still now would have wreck this country finally. |
Re: Recession: Construction Firms Sack 65,000 Workers by Nobody: 10:10am On Nov 05, 2015 |
SeverusSnape: Maybe its too early to criticize. I know Nigerians know what to do after 4 years. |
Re: Recession: Construction Firms Sack 65,000 Workers by Pidggin(f): 10:13am On Nov 05, 2015 |
wristbangle: Go to Google, type "What did Good luck Jonathan do to transform other sectors in the economy" you will get your answer, he did a lot. |
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