Home Latest News 25bn Car Loans: Labour urges FG to involve auto unions

25bn Car Loans: Labour urges FG to involve auto unions

Organized labour, under the aegis of the Automative, Boatyard, Transport, Equipment and Allied Senior Service Association (AUTOBATE), today (Sunday), expressed delight over Federal Government’s plan   to float a car purchase loan scheme to help Nigerians acquire new made-in-Nigeria cars.

The noted that the scheme is a refreshing one and will help to move the sector forward.
A statement signed by Comrades Edeki Osumah and Sola Olofunfemi, AUTOBATE ‘s President and General Secretary, respectively,  said the  scheme would  help to boom the industry, and also benefit the middle class.
It called on government to develop a well mapped-out, clear and nationalistic guideline which  would not short-change the beneficiaries at the end of it all.
The statement thus reads: “It is instructive that caution be taken to ensure that the so-called investors who; cut costs only on workers, detest unionization, promote outsourcing and mass casualization exploit the opportunity. They flagrantly disobey the labour laws and global best practices at will, taking advantage of the lack of the political will on the part of our leaders to ensure enforcement.
“AUTOBATE understands the fact that the Federal Government is trying to promote a developmental policy, especially as the recession bites harder, but we feel that this should not be done at the expense of the struggling middle class who really needs this kind of opportunity.
“AUTOBATE calls on Federal Government to institute public-owned automobile industries so as to widen and deepen the expected development. Industrial standards should also be maintained. This is the safest line to lead in this world of economic downturn so as to promote collective prosperity and robust developments.
“AUTOBATE warns that that the 25billion naira loan must not be left at the mercy of the greedy bankers who also take advantage of opportunities like this to divert funds to other investments thereby frustrating the supposed beneficiaries.”
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