The Nigerian Labour Congress, NLC, has commended the Minister of Labour and Employment, Dr. Chris Ngige and the National Assembly for their intervention in the recent retrenchment of workers in the banking sector.
This was as it decried the gale of sack by the nation’s commercial banks, saying the development puts the economy at a greater risk.
This was contained in a statement issued in Kaduna yesterday by a council member of the NLC and chairman, Industrial Global Union Sub-Saharan Africa, Issa Aremu.
The statement reads, “Banks who see workers as dispensable items during temporary economic shock even when they treat same workers as slaves during times of boom ought not to be in business and indeed should have their licences legitimately revoked.
“At a time all the states and market actors in Nigerian economy are working hard to address the crisis of unemployment, mass sack in banks that are still posting prohibitive profits can be likened to economic sabotage.”
Aremu also commended the Central Bank of Nigeria, CBN, on measures to ensure stability in the financial sector and the economy, urging the apex bank to intervene on the side of job retention in the financial sector.”
The labour leader particularly lauded the ‘activist’ development financing role of the Godwin Emefiele-led apex bank, which according to him, had promoted job creation in critical sectors such as agriculture, energy and textile.