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OUTLOOK
CHALLENGES,
OPPORTUNITIES
& JOBBERMAN
topcv.jobberman.com
2016OUTLOOK:
CHALLENGES,OPPORTUNITIES&JOBBERMAN
We welcome you to 2016. Thank you for your business in 2015 and aording us the privilege to
help you reach your goals in the past year.
As we look on the horizon of the new year, it is in the interest of all discerning business owners
and professionals to have a clear understanding of what Nigeria and the world will be
confronted with in 2016, as well as the inherent opportunities that the year presents for
businesses and indeed the labor force.
$110
$98
$95
$48
$30
2011
2012
2013
2014
2015
2016
The Naira is on a free fall against the dollar and the signs are
clearly not very encouraging.
The drive to reduce costs by companies will result in downsizing and the attendant labor
agitations.
223%
The major indicator of the direction of our nation is the budget and if all
dovetails into the vision of the President, we can safely believe that there will
be increased spending in critical infrastructure as signalled by the 223%
increase in Capital expenditure.
We believe increased spending in the critical infrastructure areas will improve the demand for
service delivery and also increase the number of available jobs. This will further bolster investor
con dence and in turn translate to increase in Foreign Direct Investment in the critical areas of
the economy. This could only mean good for the economy as employment opportunities will
arise in critical areas.
Improved Security
The improvement of the security situation in the North East and the nation generally through
the eorts of the military and other security agents will see an increase in investor con dence
and also creation of jobs. We will also see more people return to their various occupations in the
North East.
The improvement of the security situation in the North East and the nation
generally will de nitely impact investor con dence and job creation.
Surge in Entrepreneurship
We also envisage a further deepening of the ongoing surge in entrepreneurship, bolstered by
deliberate government policies, a favorable business operating environment and banking sector
support. Loss of jobs will also be a catalyst for this surge. This will drive employee engagement in
2016. We also project a continued drive for pro t maximization, cost reduction and rightsizing
within expansion thus an increased demand for a new class of workforce.
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DOWNSIZING
Handling Lay-offs in Challenging
Economic Situations