Home Business Nigeria loses N4bn monthly to productivity loss, says Centre

Nigeria loses N4bn monthly to productivity loss, says Centre


Abuja – The Centre for Management Development (CMD) says Nigeria loses N4 billion monthly as a result of loose of productivity.

Its Director-General, Dr Kabir Usman, told the News Agency of Nigeria (NAN) in Abuja on Tuesday that the hours being lost had debilitating impact on the economic growth and development of the country.

Cue in audio

“There is huge loss of productivity; more or less we are losing in the region of about N4 billion every month as a result of loose of productivity, because if you have a civil servant that is late by half an hour, when you look at that, it is almost one-eighth of the salary that is

“It should be translated to the region of not least than N4 billion a month and for 12 months, you are talking about almost N50 billion lost in terms of man hours and productivity.

“These are sort of targets and the benchmarks we set for ourselves that we want to make sure that we provide relevant training so that we can make sure that the civil servants – federal and state – are much more productive than ever and that they are conscious of cost and they are more conscious about providing quality service.’’

Cue out audio

Usman said it was the responsibility of the centre to challenge the attitude and mentality of Nigerians in consonance with the Change Agenda of the Federal Government.

He said that the centre had already produced a time table of accreditation and quality assurance of training institutions across the country.

“We have made it very clear that we are going to provide local content of 10 per cent of what we do abroad that means we are going to create so many jobs.

“So, collectively we are going to work together with the States, Federal Government and the private sector to ensure that we raise the capacity of Nigerian workers.’’

The director-general further said that the centre would promote the integration of local content in building the capacity of management consultants and institutions.

“If at all, we can say, all management development institutions and the management consultants can do 10 per cent of their training locally, that will create about 500, 000 jobs, because when you look at it, it cost us about 1 billion dollars for training overseas (200 billion Naira), even 10 per cent is about N20 billion.

“So if we are going to domestic our training in the region of about N20 billion that is going to raise the performance of the workforce as dividend as well as create jobs in the region of about 500,000.

“And this is why we are trying to encourage the whole idea of quality assurance and accreditation of many training institutions across the country.

“So that we can sell the idea, we can provide them with relevant training programmes and training manuals that will help them to promote that local content agenda.’’

Usman, however, advised Nigerians to be disciplined and patriotic to uphold the Change Agenda of the present administration.

“It is not a matter for the president or ministers, it is a matter for all of us and this is the agenda we are planning to press forward in terms of our training project this year.

“A typical example is when you talk about power, you have lighting in your house; switch it off when you don’t need so that the amount of power saved can be provided somewhere.

“Also fuel, do not buy fuel along the road, go to the filling stations because if you buy along the road that means you are promoting illegal trade.

“The issue of condemnation of our leaders, we are supposed to support them, when they are right, correct them when they are wrong but not fight them because we are all leaders in one way or the other.’’ (NAN)

Previous articleNDE offers free tutorial classes to WAEC, NECO re-sit candidates
Next articleKofi Annan urges African leaders to leave office when time is up

Leave a Reply