10 December 2015, Abuja—The National Union of Electricity Employees, NUEE, has, in Abuja, commissioned three projects as part of the union’s N1.5 billion investments on the platform of NUEE Ventures.
The projects commissioned include a 36-room NUEE Motel in Utako area of Abuja, NUEE Apartments, also at Utako and NUEE Office Complex at Area 8, Garki, that will house the union’s companies, especially Accutrack that will manufacture meters and its associated softwares, and Volta Metering solutions that will market the meters, carry out after sales services, repairs and so on.
The union also unveiled two new Toyota Hiace 18-seater buses.
The commissioning was performed by the pioneer president of the union and former Treasurer of Nigeria Labour Congress, NLC, Ero Philips alongside other former president of the union, such as T. A Shamang, Mukaila Salawu, and current president, Mansur Musa.
Speaking after the commissioning, the union’s General Secretary, Mr. Joe Ajaero, said that the union had been involved in projects and investment for a long time, noting that they were geared towards de-emphasizing the union’s over dependent on check off dues.
He revealed that some of the union’s pro-actives plans came handy after the privatization of the the defunct Power Holding Company of Nigeria, PHCN, when the new investors were not ready to listen to the union, let alone talk about union’s dues.
According to him: “Without talking in specific terms, we have projects of about N1.5 billion completed and ongoing. The three projects commissioned today are parts of the projects. The Onike, Lagos guest house project, the Ofad Pole company and the investment aspect are part of the project.
“We are already recruiting staff, including the Managing Directors and others, for some of the companies. We have N1.5 billion marked out for those ventures, ongoing or completed. That is what should be in the account, what we have spent so far and what we are going to spend until the companies are stabilized. These projects are coming on the platform of NUEE Ventures.”