The theme of the Week was: “Akwa Ibom State, the Legal Profession and the Emerging Global Economy.” A few days to the event, the National Bureau of Statistics released a stunning report to the effect that Nigeria’s unemployment rate has hit 33.3 per cent. This implies that more than half of the country’s labour force is jobless. Or put alternately, less than half of the labour force is fully employed.
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The Director General of BPE, Alex Okoh, painted the grim picture of how two out of every five privatised companies have failed to members of the House of Representatives’ Committee on Privatisation, when its members, led by Chairman, Ahmed Yerima, visited the privatisation agency.
He said that the recent judgment by the Supreme Court of Nigeria in favour of BFIG Corporation paved the way for its resumption of business
The lawmakers made the criticism at a plenary session, following a motion on a matter of urgent public importance moved by Assemblyman Aboh Uduyok, the member representing Ikot Abasi/Eastern Obolo Constituency