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Nigeria’s Labour Productivity Surges By 10.8% - Business - Nairaland

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Breaking : Price Of Kerosene Up 10.8% As Cooking Gas Drops / Despite Recession, Labour Productivity Rises By 10.8% – Nbs / Food, Transport Prices Rise As Inflation Surges By 0.17 Per Cent - The Guardian (2) (3) (4)

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Nigeria’s Labour Productivity Surges By 10.8% by Truth234(m): 7:33am On Jun 09, 2017
Despite the ongoing economic recession and rising unemployment rate in Nigeria, the labour productivity index showed labour activities surged to a new height in 2016.

The figure released by the National Bureau of Statistics revealed that the Labour Productivity Index climbed by 10.8 percent in 2016. Making it the highest since the first quarter of 2015.

While labour productivity in the fourth quarter rose to N783.51 from N713.77 recorded in the third quarter. The total number of hours worked increased by 0.48 percent between the third and final quarter of 2016, indicating that while output remains subdued, labour productivity surged due to the relative stable power supply during the period under review.

“While the overall level of productivity was high, there were several challenges that generally impacted on output and labour, and indirectly on labour productivity, keeping it below optimal levels. Some of these issues faced during the quarter were issues that spilled over from Q1 through Q2 and Q3 2016,” the NBS report stated.

“Investment in the economy was still relatively low; though some government investments were recorded during the quarter, the volume of private investment and foreign direct investments was still considerably low compared to previous years.

“Power was relatively stable during the quarter, which partly accounted for the increase in labour productivity, but was still lower than the required levels.”

The economy contracted by 0.5 percent in the first quarter of the year, while the consumer prices improved to 17.24 percent in April. The labour market slacked further to 14.2 percent unemployment rate in the final quarter of 2016 from the 13.9 percent recorded in the third quarter of 2016.

http://investorsking.com/nigerias-labour-productivity-surges-by-10-8-nbs/
Re: Nigeria’s Labour Productivity Surges By 10.8% by NwaAmaikpe: 8:19am On Jun 09, 2017
Labour output must surge because in this country


We live like prisoners on hard-labour

1 Like 1 Share

Re: Nigeria’s Labour Productivity Surges By 10.8% by NameCheckers: 8:20am On Jun 09, 2017
Buhari why cry
Re: Nigeria’s Labour Productivity Surges By 10.8% by Nobody: 8:20am On Jun 09, 2017
The FTC jumps into every thread like..... ...

Re: Nigeria’s Labour Productivity Surges By 10.8% by EternalBeing: 8:20am On Jun 09, 2017
Truth234:

....
“Power was relatively stable during the quarter, which partly accounted for the increase in labour productivity, but was still lower than the required levels.”


http://investorsking.com/nigerias-labour-productivity-surges-by-10-8-nbs/


I attest to this conspicuous fact. Truth be told, power has significantly improve in my area. Give kudos to whom kudos is due. Though even if you work so hard, and even cut your head for people, "haters still gon' hate no matter what." As scopion cannot change its stinging nature, haters can't change their hating nature.

3 Likes

Re: Nigeria’s Labour Productivity Surges By 10.8% by HERSLEY(f): 8:21am On Jun 09, 2017
It will not be well with Apc

1 Like

Re: Nigeria’s Labour Productivity Surges By 10.8% by kittykollinxx(m): 8:22am On Jun 09, 2017
Jesus wept (for Nigeria)
Re: Nigeria’s Labour Productivity Surges By 10.8% by tonex360: 8:23am On Jun 09, 2017
*Please endeavour to read this very interesting piece!*

*STATE OF THE NATION*

I have been following closely the activities of this government and whenever I have the opportunity, I try to find out the opinions of people as regards the performance of this government.

I just realize that the hardship faced by many Nigerians is simply as a result of the fact that almost everyone of us benefited from the cycle of corruption.

The bricklayer, plumber, laborers, tiler are all complaining because building construction has slowed down massively cause the thieves no longer have money to spend on real estate.

The car dealers are grumbling because their cars are begging for buyers. Thieves can no longer spend wastefully.

The private school owners are shouting because parents can no longer pay outrageous sums and are withdrawing their wards.

I was shocked when I learn that in a popular private University in Abuja, parents are writing undertaking at the account section for their children to be allowed to write exams... and it goes on and on.

The fact is, a lot of people are returning to what someone referred to as ''default mode''.

We mostly have been living above our REAL MEANS.

We have been staying in houses that ordinarily our incomes can't afford.

Our children going to schools we can't afford. Driving cars we ordinarily can't maintain.

We have been living a FAKE LIFE all along. Now the reality is before us and we don't want to accept it.

This shows how morally bankrupt we are.

You can't eat your Cake and have it. Take Note..."GOD HELP AND BLESS NIGERIA"

You got billions from bank without collateral using your political influence. You put half into your business and spent the other half on exotic cars, jeweleries, etc.

Your business employs 100 people normally. You get illegal waivers and concessions to import raw materials at rock bottom prices, you get over-inflated contract to supply government some goods your company produce....in short your company is kept afloat by corruption.

Now the new SHERIFF in town says:

no more ridiculous waivers,
no more inflated contracts, no more bank loans without collateral, in fact its time you or your company pay off the billions of debt owed.....

AMCON takes over your company, staff are laid off......And you go on air and say the new sheriff is killing business and causing unemployment..

The truth is....you and your company were never in business, you were only feeding off the system.

Too many companies and banks are funded by corruption. Remove corruption from the system and they collapse.......and we end up blaming the person that removes corruption for the collapse of the corruptly run fake company.

Its like our system and corruption are so interwoven and inseparable that removing one will kill the other.

Maybe we should tolerate and learn to live with corruption so that Nigeria can survive?

Recession: What recession? If you think Nigeria is broke, then you are living in another planet. Now, please read the information below and tell me why Nigerians crying of hardship are comfortable with the bold looting of their collective wealth by the politicians.

A SELF DECEIVING COUNTRY CALLED NIGERIA

Twenty-one senators currently receiving pensions from government as ex-governors and deputy governors.

The current senators who once served as governors are Bukola Saraki of Kwara, Rabiu Musa Kwankwaso of Kano, Kabiru Gaya of Kano, Godswill Akpabio of Akwa Ibom, Theodore Orji of Abia, Abdullahi Adamu of Nasarawa, Sam Egwu of Ebonyi, Shaaba Lafiagi of Kwara, Joshua Dariye of Plateau Jonah Jang of Plateau, Aliyu Magatakarda Wamakko of Sokoto, Ahmed Sani Yarima of Zamfara, Danjuma Goje of Gombe, Bukar Abba Ibrahim of Yobe, Adamu Aliero of Kebbi, George Akume of Benue and Isiaka Adeleke of Osun.

The former deputy governors in the Senate are Ms Biodun Olujimi of Ekiti and Enyinaya Harcourt Abaribe of Abia. Danladi Abubakar Sani served as the acting governor of Taraba state.

Many former governors are also in Buhari's Cabinet as Ministers. This includes: Ngige, Fayemi, Amaechi and Fashola (SAN).).

In Akwa Ibom State, the law provides that ex governors and deputy governors receive pension equivalent to the salaries of the incumbent. The package also includes a new official car and a utility vehicle every four years; one personal aide; a cook, chauffeurs and security guards for the governor at a sum not exceeding N5 million per month and N2.5 million for his deputy governor.

In Rivers, the law provides 100 percent of annual basic salaries for the ex-governor and deputy, one residential house for the former governor “anywhere of his choice in Nigeria”; one residential house anywhere in Rivers for the deputy, three cars for the ex-governor every four years and two cars for the deputy every four years.

It is alledged that in Lagos, a former governor will get two houses, one in Lagos and another in Abuja, estimated at N500 million in Lagos and N700 million in Abuja. He also receives six new cars to be replaced every three years; a furniture allowance of 300 percent of annual salary to be paid every two years, and a N30 million pension annually for life.

This is the reality for all the 21 ex govenors and deputy governors who are currently serving as senators. This same is also true of ex governors who are now serving as Ministers.

NOW I ASK:
How many years did these guys serve their states as governors and deputy governors? Is it more than 8years? Is that a reason to be entitled to pensions for life? Even if they are entitled to pension for life, must it be so outrageous?

As if that is not enough: HOW on earth can any public servant with conscience collect salaries and allowances as a senator or minister, and still have the audacity to claim pensions equivalent to the salaries of a serving governor in Nigeria?

IT ISN'T ROCKET SCIENCE......

Once you are elected a senator or appointed a minister, you must forfeit any pension accruing to you from government at any level until you vacate office. This should also apply to senators collecting military pensions like former Senate President David Mark.

Yet these senators are in the Senate that is inviting the current finance minister to discuss the recession of Nigeria's economy. A senator pockets approximately 30 million naira monthly as salary and allowances. Our "honourables" are not interested to make laws that could restructure our country into economically autonomous federating States/Regions to save the country from sectional agitations that is threatening to destroy Nigeria. The sad and hopeless situation is that the rest of Nigerians are busy arguing based on party, ethnic and affiliations while these enemies of state continue to rape us.

Do you know that it costs tax payers 290m Naira yearly to maintain each member of our National Assembly in a country where nothing works & 80% of population earn below 300 Naira a day ? A working day earning of a senator is more than a yearly income of a doctor; it's more than the salary of 42 Army generals or 48 professors or 70 commissioners of police or more than twice the pay of the US President or 9 times the salary of US congressmen.

It's high time the country had a referendum on those outrageous salaries of Senators, House of Representative members and other political office holders.

8 Likes 2 Shares

Re: Nigeria’s Labour Productivity Surges By 10.8% by sleemfesh: 8:25am On Jun 09, 2017
What is labour productivity?


Ok just checked and found out. Logical. It's a bad sign given the prevailing economic state of the country. It's worked out by dividing output vs input. Eg 80k Naira worth of goods is done by 100 people meaning a value of 800. Should less people do this job the figure does up. This figure going up in Nigeria in these times means people are working more and evidently for less given the great job losses we are seeing.

1 Like

Re: Nigeria’s Labour Productivity Surges By 10.8% by smartty68(m): 8:25am On Jun 09, 2017
Lol
Re: Nigeria’s Labour Productivity Surges By 10.8% by crackerspub: 8:25am On Jun 09, 2017
Fake news, APC sponsored propaganda
Re: Nigeria’s Labour Productivity Surges By 10.8% by Samexdx(m): 8:25am On Jun 09, 2017




Story story story
Re: Nigeria’s Labour Productivity Surges By 10.8% by three: 8:26am On Jun 09, 2017
The Government (and the way it chooses to run the country via media proclamations and hype) are the single most threatening factor to National Productivity.

Labour or otherwise
Re: Nigeria’s Labour Productivity Surges By 10.8% by MrImole: 8:28am On Jun 09, 2017
Liars!
Re: Nigeria’s Labour Productivity Surges By 10.8% by RisMas(m): 8:28am On Jun 09, 2017
crackerspub:
Fake news, APC sponsored propaganda
But if its a negative news, you and ur flatron bro from the land of rising clown will feast on it, telling us why Nigeria is a zoo. Continue with ur hatred undecided Omo ale eleri pelebe gbogbo angry angry
Re: Nigeria’s Labour Productivity Surges By 10.8% by emmygzy(m): 8:28am On Jun 09, 2017
tonex360:
*Please endeavour to read this very interesting piece!*

*STATE OF THE NATION*

I have been following closely the activities of this government and whenever I have the opportunity, I try to find out the opinions of people as regards the performance of this government.

I just realize that the hardship faced by many Nigerians is simply as a result of the fact that almost everyone of us benefited from the cycle of corruption.

The bricklayer, plumber, laborers, tiler are all complaining because building construction has slowed down massively cause the thieves no longer have money to spend on real estate.

The car dealers are grumbling because their cars are begging for buyers. Thieves can no longer spend wastefully.

The private school owners are shouting because parents can no longer pay outrageous sums and are withdrawing their wards.

I was shocked when I learn that in a popular private University in Abuja, parents are writing undertaking at the account section for their children to be allowed to write exams... and it goes on and on.

The fact is, a lot of people are returning to what someone referred to as ''default mode''.

We mostly have been living above our REAL MEANS.

We have been staying in houses that ordinarily our incomes can't afford.

Our children going to schools we can't afford. Driving cars we ordinarily can't maintain.

We have been living a FAKE LIFE all along. Now the reality is before us and we don't want to accept it.

This shows how morally bankrupt we are.

You can't eat your Cake and have it. Take Note..."GOD HELP AND BLESS NIGERIA"

You got billions from bank without collateral using your political influence. You put half into your business and spent the other half on exotic cars, jeweleries, etc.

Your business employs 100 people normally. You get illegal waivers and concessions to import raw materials at rock bottom prices, you get over-inflated contract to supply government some goods your company produce....in short your company is kept afloat by corruption.

Now the new SHERIFF in town says:

no more ridiculous waivers,
no more inflated contracts, no more bank loans without collateral, in fact its time you or your company pay off the billions of debt owed.....

AMCON takes over your company, staff are laid off......And you go on air and say the new sheriff is killing business and causing unemployment..

The truth is....you and your company were never in business, you were only feeding off the system.

Too many companies and banks are funded by corruption. Remove corruption from the system and they collapse.......and we end up blaming the person that removes corruption for the collapse of the corruptly run fake company.

Its like our system and corruption are so interwoven and inseparable that removing one will kill the other.

Maybe we should tolerate and learn to live with corruption so that Nigeria can survive?

Recession: What recession? If you think Nigeria is broke, then you are living in another planet. Now, please read the information below and tell me why Nigerians crying of hardship are comfortable with the bold looting of their collective wealth by the politicians.

A SELF DECEIVING COUNTRY CALLED NIGERIA

Twenty-one senators currently receiving pensions from government as ex-governors and deputy governors.

The current senators who once served as governors are Bukola Saraki of Kwara, Rabiu Musa Kwankwaso of Kano, Kabiru Gaya of Kano, Godswill Akpabio of Akwa Ibom, Theodore Orji of Abia, Abdullahi Adamu of Nasarawa, Sam Egwu of Ebonyi, Shaaba Lafiagi of Kwara, Joshua Dariye of Plateau Jonah Jang of Plateau, Aliyu Magatakarda Wamakko of Sokoto, Ahmed Sani Yarima of Zamfara, Danjuma Goje of Gombe, Bukar Abba Ibrahim of Yobe, Adamu Aliero of Kebbi, George Akume of Benue and Isiaka Adeleke of Osun.

The former deputy governors in the Senate are Ms Biodun Olujimi of Ekiti and Enyinaya Harcourt Abaribe of Abia. Danladi Abubakar Sani served as the acting governor of Taraba state.

Many former governors are also in Buhari's Cabinet as Ministers. This includes: Ngige, Fayemi, Amaechi and Fashola (SAN).).

In Akwa Ibom State, the law provides that ex governors and deputy governors receive pension equivalent to the salaries of the incumbent. The package also includes a new official car and a utility vehicle every four years; one personal aide; a cook, chauffeurs and security guards for the governor at a sum not exceeding N5 million per month and N2.5 million for his deputy governor.

In Rivers, the law provides 100 percent of annual basic salaries for the ex-governor and deputy, one residential house for the former governor “anywhere of his choice in Nigeria”; one residential house anywhere in Rivers for the deputy, three cars for the ex-governor every four years and two cars for the deputy every four years.

It is alledged that in Lagos, a former governor will get two houses, one in Lagos and another in Abuja, estimated at N500 million in Lagos and N700 million in Abuja. He also receives six new cars to be replaced every three years; a furniture allowance of 300 percent of annual salary to be paid every two years, and a N30 million pension annually for life.

This is the reality for all the 21 ex govenors and deputy governors who are currently serving as senators. This same is also true of ex governors who are now serving as Ministers.

NOW I ASK:
How many years did these guys serve their states as governors and deputy governors? Is it more than 8years? Is that a reason to be entitled to pensions for life? Even if they are entitled to pension for life, must it be so outrageous?

As if that is not enough: HOW on earth can any public servant with conscience collect salaries and allowances as a senator or minister, and still have the audacity to claim pensions equivalent to the salaries of a serving governor in Nigeria?

IT ISN'T ROCKET SCIENCE......

Once you are elected a senator or appointed a minister, you must forfeit any pension accruing to you from government at any level until you vacate office. This should also apply to senators collecting military pensions like former Senate President David Mark.

Yet these senators are in the Senate that is inviting the current finance minister to discuss the recession of Nigeria's economy. A senator pockets approximately 30 million naira monthly as salary and allowances. Our "honourables" are not interested to make laws that could restructure our country into economically autonomous federating States/Regions to save the country from sectional agitations that is threatening to destroy Nigeria. The sad and hopeless situation is that the rest of Nigerians are busy arguing based on party, ethnic and affiliations while these enemies of state continue to rape us.

Do you know that it costs tax payers 290m Naira yearly to maintain each member of our National Assembly in a country where nothing works & 80% of population earn below 300 Naira a day ? A working day earning of a senator is more than a yearly income of a doctor; it's more than the salary of 42 Army generals or 48 professors or 70 commissioners of police or more than twice the pay of the US President or 9 times the salary of US congressmen.

It's high time the country had a referendum on those outrageous salaries of Senators, House of Representative members and other political office holders.
Buhari too included. He is a corrupt person also. It's thief that accomodates thief.
Re: Nigeria’s Labour Productivity Surges By 10.8% by EternalBeing: 8:30am On Jun 09, 2017
.
Re: Nigeria’s Labour Productivity Surges By 10.8% by iluvpomo(m): 8:34am On Jun 09, 2017
Meanwhile leaders still de chop.....
monk.ey de work babo.on de chop undecided
Re: Nigeria’s Labour Productivity Surges By 10.8% by sagio09: 8:36am On Jun 09, 2017
[sup][/sup]
Re: Nigeria’s Labour Productivity Surges By 10.8% by PapaBrowne(m): 8:39am On Jun 09, 2017
Labor productivity index. Wetin be that one??
Me when be economist no even know how that wan take benefit country in any way.

It probably just means that a company which employed 20 people previously has now sacked 15 of the employees and now uses 5 people to do the job of 20 people!

Labor productivity index ko, slavery intensity index ni!!

1 Like

Re: Nigeria’s Labour Productivity Surges By 10.8% by crackerspub: 8:43am On Jun 09, 2017
RisMas:

But if its a negative news, you and ur flatron bro from the land of rising clown will feast on it, telling us why Nigeria is a zoo. Continue with ur hatred undecided Omo ale eleri pelebe gbogbo angry angry
You need Jesus in your life


Where on earth did i mention tribe on my write up and you started quoting tribe.



Bro its you that is full of hate, I don't care about party. All I care for is the way the country is being run by APC and the masses are suffering.



Bro like i said you really need Jesus to cure your hate.



Good day.
Re: Nigeria’s Labour Productivity Surges By 10.8% by piice: 10:21am On Jun 09, 2017
emmygzy:
Buhari too included. He is a corrupt person also. It's thief that accomodates thief.
You are a grammarian that destroys grammar
Re: Nigeria’s Labour Productivity Surges By 10.8% by RisMas(m): 2:31am On Jun 12, 2017
crackerspub:

You need Jesus in your life


Where on earth did i mention tribe on my write up and you started quoting tribe.



Bro its you that is full of hate, I don't care about party. All I care for is the way the country is being run by APC and the masses are suffering.



Bro like i said you really need Jesus to cure your hate.



Good day.


Are u mad? Me need Jesus? Someone that couldnt help himself when being nailed on the cross? He shouted "Eli eli lama sabach tani" and u said i need him? Like i said earlier. KONI DA FUN IWO OMO IRAN KIRAN ELERI PELEBE YI. Weyrey angry

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