A group which
is owned by Africa and Nigeria’s richest man, Aliko Dangote sacked 36
expatriate and 12 Nigerian workers from the group’s headquarters and one of the
subsidiaries, Dangote Cement Plc.
Recession is
biting hard as Nigeria’s biggest employers of labour aside the government,
Dangote Group has fired 48 members of staff.
According to
a report by Punch newspaper, the sack of the workers was not unconnected with
the current high cost of running business in the country occasioned by the
unavailability of foreign exchange and the unprecedented hike in the naira to
dollar exchange rate.
It was reported that the huge amounts in foreign
currencies being paid to the expatriate workers had become a burden on Dangote
due to the steady depreciation in the value of the naira and the difficulties
of raising enough dollars.
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