Following the recession dancing around the Nigerian economy the Dangote Group, belonging to Africa’s richest man, Aliko Dangote, has fired 48 members of staff.
A source who asked to be anonymous said that those sacked were made up of 36 expatriate and 12 Nigerian workers from the group’s headquarters and one of the subsidiaries, Dangote Cement Plc.
Source added that the sack was as a result of the current high cost of running business in the country followed by the unavailability of foreign exchange and the unprecedented hike in the naira to dollar exchange rate.
However, sources confirmed that industrialist has decided to replace the expatriates with Nigerians, who have acquired the requisite experience on the job, as paying them in naira will be less problematic.
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