Business
Regulate And Reorganise Private Sector – FCT
The Federal Government has called for proper reorganisation and regulation of the informal sector to enhance economic growth of the country.
A statement signed by Mr Samuel Olowookere, the Assitant Director of Press in the Federal Ministry of Labour, said the Minister, Mr Emeka Wogu, made the call at the Africa Middle East Conference of Building and Wood Workers International (AMECBW) in Abuja.
It stated the minister expressed government’s desire to ensure effective co-ordination of activities in the sector.
Wogu said the contributions of the informal sector were invaluable and essential to national growth and development, and should be made more functional.
“The contributions of informal workers who are the support nerves of the economy are essentail and invaluable to our national growth and development which should be organised and regulated to be more functional.’’
He urged the participants to rise to the challenges of globalisation which had created both threats and opportunities for sustenable growth in the industry.
“Green jobs need to be decent, job offering that has adequate wages, safe working conditions, job security, reasonable carreer prospects and working rights need to be encouraged.”
The release also stated that Mr Amber Yuson, Secretary-General of AMECBW, called on governments and stakeholders to address the challenges of the “new scramble for Africa’s resources” by multinational corporations from Asia, the America and Europe.
“Africa should be cautious and alert to some conflicts and wars that may have arisen on the continent as a result of the new found competition.”