MARITIME Workers Union of Nigeria, MWUN, is planning to get an operational license from the Central Bank of Nigeria, CBN, to float a micro-finance bank, with not less than N40 million take off capital.
President-General of MWUN, Comrade Anthony Nted who announced this at the launch of a foundation for the union’s late Vice President General Comrade Issa Saleh, who died recently, and a welfare scheme for workers in the sector, said upon take off, the bank would provide soft loan to members of the union for to enable set up small scale businesses that could survive with after retirement.
According to him, “We are starting and this is the beginning of a bigger picture we are seeing in the future”, explaining that it had become necessary as findings revealed most of the union’s members upon retirement find it difficult to their daily economic and family obligations.
He said the micro-finance bank would help those with business ideas source funds to translate their business ideas and ultimately become employers of labour, noting interactions with shop floor members showed that they were very creative and needed just a little push to realize their potentials.
Comrade Nted expressed concern over the abuse of expatriate quota by multinationals operating in the nation’s sea ports, lamenting that immigrants had taken over the jobs offshore of the nation’s maritime industry while qualified Nigerians were left without job.
According to him, “today, everybody is talking about unemployment and the Federal Government is talking about unemployment.