81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele - Politics

81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele (24409 Views)

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81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by ogododo(op): 7:22pm On Feb 01, 2024

About 81% of Nigerians in the employment pool are not in any productive sector of the economy, the Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has said.

Oyedele said while the unemployment rate in Nigeria is relatively low at 4.2%, most employed Nigerians do not add any meaningful value to the economy.

Speaking Thursday at the Africa Trade and Investment Summit, he said Nigeria has the same unemployment rate as the United Kingdom.

He said: “About 81% of people in employment in Nigeria are engaged in a non-productive sector of the economy. They are doing things that do not add value in the real sense of the world.

“That is the reason our unemployment rate even though is just 4.2%, similar to that of the UK. Our poverty rate is still one of the highest in the world. We have over 113 million people living in poverty as of 2022 and it is most likely to have increased because that was before subsidy removal and naira floatation.

“So how is it that you have a high employment rate and you also have one of the highest poverty rates? That is the only explanation. We are working poor. We need to create decent jobs. Our job is just beginning.”

According to him, while Nigeria cannot control the global economic climate, a change in policy direction can help manage the economic situation of the country.

“While we cannot control what Russia and Ukraine are doing. We cannot control what happens in Gaza. Just making it easy for small businesses to earn a meaningful living, it is easier for manufacturers to produce,” he said.

https://dailytrust.com/81-of-working-nigerians-dont-add-value-to-the-economy-presidential-team/

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by immortalcrown(m): 7:25pm On Feb 01, 2024*

This is true about government workers.

Over 90% of the workers in local government secretariats do nothing apart from gossip. They just earn monthly salary without generating any revenue for the secretariats. I see no difference between them and ghost workers.

Most of the workers in Exams and Records in public universities do nothing apart from gossip. Students queue for payment invoice and queue again for signature after payment. But after final-year exam, the same students will gather all the receipts for paid fees and move from one office to another for clearance. What then do the workers in the Records office do if they can't prepare lists of those who are owing and those who have paid? The students will also move from one office to another, trying to get their results. There are many workers in the office but students queue for not just hours but for days behind the office windows while the workers sluggishly attend to the students.

I know a public secondary school in which SS1, SS2 and SS3 had only one Maths teacher. The same teacher was a lecturer in a State Polytechnic. One SS1 set saw the teacher only 4 times in 3 years (as the set moved from SS1 to SS3). The teacher taught the set Maths twice in SS1 and once in SS2. The 4th time was when the teacher entered the SS3 class once to advise the students to go to lesson centres to prepare for WEAC and NECO. Imagine a teacher being the one telling students to go to lesson centres.

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by atiku4President(m): 7:26pm On Feb 01, 2024

Ask yourself if government has provided them with the necessary materials and trainings to deliver on their jobs. Do they even have offices and laboratories to work? Okay, is that the reason you have not taken their plight seriously?

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by ivolt: 7:29pm On Feb 01, 2024

Oyedele said while the unemployment rate in Nigeria is relatively low at 4.2%, most employed Nigerians do not add any meaningful value to the economy.

He said: “About 81% of people in employment in Nigeria are engaged in a non-productive sector of the economy. They are doing things that do not add value in the real sense of the world.

Here we go again.
What does he mean by value?
If he mean 81% of Nigerian labor force doesn't pay tax, he should come out and state that clearly.

Instead of him to confront the misleading 4.1% unemployment figure, he resorts to blaming workers.

Even if we assume that all government workers including him are unproductive(that is obviously not true), they don't
make up to 5% of Nigerian workforce.
So where did he get his 81% from?

Unless he wants to argue that the private sector is also paying people for doing nothing.

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by madridguy(m): 7:29pm On Feb 01, 2024

Another useless talk as usual. Did any Nigeria leader ever make Nigeria an enabling environment for the citizens to grow? Capital No..

You don't give us good and motorable roads.

You don't give us good security of our lives and properties.

Same government still allow thugs, herdsmen, Boko Haram, and many more to be killing us..

You rogues cannot provide good medical facilities for us Nigerians but you jump around enjoying what other leaders provided for their country... Shame on you all.

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by Kenochi(m): 7:30pm On Feb 01, 2024*

Hmmmm,my people this is a serious food for thought
I know that I have a different opinion from Mr Oloyede but I beg to agree with him on a very salient point
The first question that we need to ask ourselves for the purpose of this thread is what does Mr Oloyede mean by the productive sector of our Economy and non productive sector(even though gainfully employed)

1) Productive Sector
This group of people are those with a living wage or income.This group of people form the nexus of tax paying citizens.They are found in all sectors of the Economy including the service, manufacturing, Exploration, Education, Finance, Information Technology etc
I daresay that this individuals form less than 15% of Nigeria's working class

2) "Non productive Sector"
These are individuals that find themselves in organisations or Businesses that are either paid close to nothing or better still businesses that are always struggling to break even
These group of people are not cast under the tax net and living from day to day
Funny Enough,it is not a matter of profession.it is just that they find themselves in organisations that are very poorly funded or shylock owners who take advantage of their workers

I remember when I was privileged to work in a Big Multinational Oil and Gas company,I came across some welders working for that company,I daresay that those guys probably earned more than some individuals doing white collared jobs
If those same individuals took their services to another company,they might not earn up 30% of the company paid
My point is this,the way our Economy is structured it will keep producing non productive people because the opportunities for more people to earn living wages is shrinking daily

Still selling the cheapest land at Ibeju Lekki Industrial Hub, kindly click on my signature for more details

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by VeryWickedMan: 7:31pm On Feb 01, 2024

Like LeoDeKing, helinues, okoroawusa and co.
Working very hard daily to deliver unproductivity.

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by Yujin(m): 7:32pm On Feb 01, 2024

madridguy:

E shock you?

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by Gondonu: 7:34pm On Feb 01, 2024

A government that is an economic burden itself is pointing accusing fingers. Bunch of idiots.

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by gaby(m): 7:36pm On Feb 01, 2024

100% of the Presidential team adds so much value to the economy.

The evidence is very clear for all to see.

Animals in human form.

Na retrenchment dem dey plan so.

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by Yujin(m): 7:37pm On Feb 01, 2024*

If the working class are not adding value, is it the unemployed that are adding value?
Are the politicians in power among the 81% non-value adding workers?
Stating that less than 5% is the unemployment rate ìn Nigeria is a criminal offence because everyone knows he's lying. Anyway, it's the Nigerian thing to lie so I leave him to his device.

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by RepoMan007: 8:05pm On Feb 01, 2024*

ogododo:
About 81% of Nigerians in the employment pool are not in any productive sector of the economy, the Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has said.

https://dailytrust.com/81-of-working-nigerians-dont-add-value-to-the-economy-presidential-team/

Na now im just dey know abi.

All his loyal thugs in lagos, what value are they adding or can working class Lagosians out-eat or outspend them in canteens?

We have always been active but unproductive and he should have seen that long long ago.
As a matter of facts, the leaders are least productive of all working class yet highest paid.

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by Ofodirinwa: 8:07pm On Feb 01, 2024

Nigerian gov always resorts to insulting citizens when they fail

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by Goodmarlian: 8:09pm On Feb 01, 2024

too many excuses

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by RepoMan007: 8:12pm On Feb 01, 2024

Yujin:
If the working class are not adding value, is it the unemployed that are adding value?
Are the politicians in power among the 81% non-valua adding workers?
Stating that less than 5% is the unemployment rate ìn Nigeria is a criminal offence because everyone knows he's lying. Anyway, it's the Nigerian thing to lie so I leave him to his device.

The politicians in power are the highest beneficiaries of the disease they want to cry about its symptoms. They are the carriers of the disease and the vector.

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by Nbote(m): 8:15pm On Feb 01, 2024

What value do the political class and Presidential team contribute to the economy. Ediots

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by duduade(m): 8:24pm On Feb 01, 2024

So it is you people up there that are adding value to the economy😲😲😲

Bunch of Jokers and corrupt old cargoessss

Things are not looking good for the masses and he just open mouth waaaa spewing thhrrassshhhh

Tufiakwa

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by Blackfire(m): 8:43pm On Feb 01, 2024

Verdict: this Jagaban and his un team are confused

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by insidelife22(m): 8:52pm On Feb 01, 2024

Blackfire:
Verdict: this Jagaban and his un team are confused

You say Wetin.
I call on all my fellow agbadorians to come for this man, how dare he question bobo Chicago's failure.

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by adekolaelect(m): 8:54pm On Feb 01, 2024

ivolt:
Here we go again.
What does he mean by value?
If he mean 81% of Nigerian labor force doesn't pay tax, he should come out and state that clearly.

Instead of him to confront the misleading 4.1% unemployment figure, he resorts to blaming workers.

Even if we assume that all government workers including him are unproductive(that is obviously not true), they don't
make up to 5% of Nigerian workforce.
So where did he get his 81% from?

Unless he wants to argue that the private sector is also paying people for doing nothing.

when we talk of productivity in economy . It is not about earning salary and pay Tax. When you remove Teaching and manufacturers many of our sectors are just parasite that doesn't contribute to the bottom line that can grow economy. Then we have too much government workers in Nigeria . We need to grow private companies that specializes in manufacturing. Salary earners can never grow the economy of any state even their taxes paid only enter the pockets of politicians.

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by DMerciful(m): 8:55pm On Feb 01, 2024

Tinubu govt blaming Nigerians for the poor economy.

We warned you guys not to vote for Tinubu esp as he was avoiding debates and interviews which shows he lacks ideas but you guys refused to listen due to ethnic and religious sentiments.

The only reason I'm not chastising Nigerians is because the majority of Nigerians did not vote for him, neither was he genuinely elected but rather Mahmmud rigged him in by swapping Obi's votes

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by iwaeda: 9:09pm On Feb 01, 2024

ogododo:
https://dailytrust.com/81-of-working-nigerians-dont-add-value-to-the-economy-presidential-team/

They are even insulting us, on top of this hardship. grin

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Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by udemzyudex(m): 9:09pm On Feb 01, 2024

Una papa.

1 Like

Re: 81% Of Working Nigerians Don’t Add Value To The Economy – Taiwo Oyedele by EKONGKING: 9:10pm On Feb 01, 2024*

What is this 4.2 unemployment ,when NBS changed definition to include people who work for just 1 hour a week as employed .

You will always get underemployed people .

Tomorrow , if North Korean leader changes definition that any worker who worked for a hour in his life as employed , North Korea will be a paradise like Nigeria .

I pity Kim Jong Un advisors ,when he hears that a black African has invented this unique format of unemployment ,which his advisors could not .

So i join my fellow Nigerians in offering prayers and condolences to Kim advisors .

We all, like being fools in Nigeria .

4 Likes 1 Share