The Trade Union Congress (TUC) is to acquire 57 percent stake in the Unity Bank. This is to ensure the welfare of its members and to reposition the union, its President, Bobboi Bala Kaigama has said.
Kaigama disclosed this in his welcome address at the ongoing 10th Triennial National Delegates Conference in Abuja yesterday.
He assured that his members would not suffer after retirement, promising that they would enjoy the fruits of their labour.
His words:“Through the TUC economy, we are on the verge of acquiring major shareholding in Unity Bank Plc. We have a memorandum of understanding (MoU) with the management and the process is on. We will tag it as Nigerian workers’ bank and will let Nigerians know that we have a bank in place.
To build a better Nigeria, we in TUC shall move from just being spectators in the Nigerian economy to becoming investors in the Nigerian economy. We can no longer afford to sit on the sidelines and watch helplessly for others to decide our future and the future of our families. We must take our future into our hands. To achieve this, join me in building the TUC economy.
“We believe that through this innovative and bold move by TUC, we see a Nigeria where productive enterprise flourishes in an atmosphere of mutually beneficial industrial harmony and cohesion between the government, private employers and labour. We shall see a Nigeria where unions are better respected not just for their representation of the masses but also for their economic might and prowess; and their partnering with government to ensure rapid development of the nation.”
He argued that the step is to ensure TUC becomes part of building a country that is devoid of injustice, a country that creates and ensures job security, refrain from money laundering and corrupt practices. “A country that recognises the market men, women and peasant, funds education, builds and upgrade infrastructure and the health sector on a regular basis,” he said.
