By Abubakar Yusuf
The Director General, National Productivity Centre, Dr Kashim Akor, said for a virile and robust economic sustainability, productivity should be mainstreamed in the Informal sector to protect the over 80 per cent of jobs already created by the sector.
Dr Kashim said that the small-scale businesses created out of these sectors would fail or outlive its usefulness, without recourse to productivity.
He expressed this concern at a two-day workshop to mark the 4th National Productivity Summit held at Nigerian Army Resource Centre, Asokoro, FCT, Abuja between Tuesday 4th and Wednesday 5th of April, 2023.
He maintained that the quantum of jobs created by the informal sector that had addressed unemployment rates in the country would be counterproductive when productivity was neglected.
Dr Kashim Akor stressed that the only option to extricate failure of businesses in the Informal sector that had been driving force of the world economies was not only to enhance productivity, but also its sustenance in all areas.
He advised the informal sector to take productivity as its cardinal objectives so as to continue to protect not only the sector but also unemployment rates in the country.
The two-day event had as its theme, “Enhancing the Productivity of the Informal sector for Increased Competitiveness.”
Stay ahead with the latest updates! Join The ConclaveNG on WhatsApp and Telegram for real-time news alerts, breaking stories, and exclusive content delivered straight to your phone. Don’t miss a headline — subscribe now!
