By Victor Ahiuma-Young
THE umbrella body for senior staff in the nationâ€™s financial sector, the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), has raised alarm over increasing retrenchments and unfair labour practices in the banking sector and warned against making workers scapegoats in the Central Bank of Nigeria (CBN) induced clean-up exercise in the sector.
ASSBIFI in a communique at the end of a three-day workshop in Lome, Togo, on â€œGlobal economic meltdown and options for sustainable industrial harmony,â€ urged government and all relevant bodies toÂ vigorously pursue the banking reforms toÂ revamp the economy, prioritise the real sector, and provision of basic infrastructure as a means to eliminating mass poverty, unemployment, illiteracy and diseases in the country.
The communique issued by Comrades Sunday Salako and Jarvish Erhomosele, Acting President and Secretary-General, respectively, said:
â€œThe Association is alarmed that financial institutions and companies threatened by the rampaging economic crisis have increased the trend of taking adaptational steps detrimental to workersâ€™ interests and long term goals of re-engineering the national economy such as staff rationalisation,casualisation of workforce, refusal to offer credit facilities for viable medium scale industries, manufacture, agriculture, etc that can develop the real sector of the economy.
â€œGovernment at all tiers are urged to intensify efforts to provide basic infrastructure like electric power supply, good transportation network which will have spiral effect on the economy because without developed infrastructure there cannot be meaningful development.â€