Business
C’River NLC Wants Firm To Recall Sacked Workers
T
he Cross River State
council of the Nigeria Labour Congress has given the United Cement Company Plc 21 days to recall sacked union executives.
Addressing the workers recently, the chairman of the congress in the state, Mr John Ushie, said it would extend the ultimatum by 14 days to fulfill the demands of the labour laws.
“If all that fails, we shall go into full-scale protest until justice is achieved. Whatever we can do we will do it,” he said.
Ushie told the workers that the company had no justification to sack the workers, adding that they have the right to peaceful demonstration.
He said the union was against injustice and exploitation of the workers, saying that it would do everything possible to ensure that justice was done.
According to him, the workers only made their demands, stressing that if the management had discovered anything wrong in their demands, it should have invited them for a dialogue.
“We stand against exploitation. We shall fight this cause to the end. We have given the management a 21-day ultimatum to rescind their action and recall the workers.
“We will follow all due process by extending the ultimatum to 14 days.”
Ushie further said the state NLC was the only industrial union qualified to fight for the welfare of workers in the state before the national office could intervene.
He called on the workers to remain resolute and united in their quest for justice.
“We are consulting with all relevant authorities in the state to mediate in the crises,” he said.
A member of the union’s executive, Mr William Takim, said the workers had for long been working under unfavourable conditions.
Takim said the workers had written many letters to the management about their plight but to no avail.
“Rather than look into our plight, we were suspended and without fair hearing; we were told that our services were no longer needed,” he said.
The President of UNICEM Host Community Youths Association, Mr Paul Effiong, said the community was disturbed by the development.
Effiong called on the management of UNICEM to rescind the decision and recall the workers.
“We are afraid that if there is a breakdown of law and order, our community will be affected,” he said.
Efforts to get the management to comment on the matter proved abortive as they were said to be holding a meeting.
However, in a statement earlier, the company described the protest by the workers as illegal, saying they did not seek the approval of the management before the protest.
Business
SMEs Dev: Firms Launch N100m Loan Scheme
The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.
The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA), said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.
Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.
“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.
He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.
According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.
“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.
Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.
He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.
“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.
He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.
“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.
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