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Bank of Transport will reduce crime – RTEAN

Road Transport Employers’ Association of Nigeria (RTEAN) has vowed to eradicate all sorts of crimes, especially thuggery and robbery if the Federal Government creates a Bank of Transportation.

The association made the promise while marking the 42nd anniversary of the establishment of RTEAN at the headquarters in Igando, Lagos, saying within one year of establishing the proposed Bank of Transport, the police and other security agencies would be able to breathe easy, as crime rate would be reduced to the barest minimum.

Cooperative Bank, we, in the transportation business, will be able to secure loans, buy aircraft, trucks, cars, buses, and tricycles and give to jobless youths, especially graduates.

“Think of how many people will work in an aircraft, how many people will work on buses, trucks, and tricycles. We are in the business, so we understand how it works. For example, if we are able to access loans in our union and get 100,000 buses and distribute to our members, three persons will be working in each bus, two drivers, and one conductor.

The first driver works from 5 am to noon, another person works from 12noon to 8 pm. The same thing is applicable to tricycles’ operation and trucks. If we do this consistently for years, we would have employed millions of people, especially graduates, who will be earning up to N80,000 monthly.

“Second, we would have also created more jobs for mechanics, panel beaters, vulcanizers, car washers, and spare parts sellers. With such innovation, tell me if a serious youth who has a job would still go and be collecting N3,000 to go and fight like a thug for politicians. With Bank of Transportation, police and other security agencies will have little jobs.

“With the bank, there will be massive employment and the government will become popular, because we would have created enough employment for the youths. We are one of the strongest and most reliable job-creating organizations.

“We are employers of drivers. We are employers, we own the vehicle and we employ the drivers who are members of the National Union of Road Transport Workers (NURTW).”


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