The federal government on Thursday in Abuja accused oil majors operating in the country of not being sincere in their plans to downsize their workforce, stating that profit motive is the main aim in their quest to sack workers. The Minister of Labour and Employment, Chris Ngige, at a parley with labour and oil companies criticised some foreign oil firms operating in Nigeria, stressing that their motive for profit usually supercedes the need to give back part of their proceeds in the sector. “While this administration welcomes foreign investments,especially in the oil and gas sector,we expect the oil majors to plow back some of their profits,rather than thinking of laying off workers,we all know there are dwindling revenue coming from oil but we can explore other means to sustain the workforce,”the minister said. The accusation came on the heels of impending crisis in the oil and gas […]