TRADE UNION FINANCE AND WORKERS’ SOCIAL SECURITY OF OIL AND GAS FIRMS IN RIVERS STATE

Abstract

This work examined the relationship between trade union finance and workers’ social security of oil and gas firms in Rivers State. Objectives of the study were to examine how trade union finance relates with workers’ health benefits and job security support. The study adopted the survey research design. 100 respondents from ten oil and gas firms in Rivers State were adopted for the study. Data were collected through primary (questionnaire). A structured questionnaire designed in four point likert rating scale format was adopted for the collection of data. In the course of administering the questionnaires, the researcher was able to retrieve 73 copies. Spearman Rank Order Correlation Coefficient (r) was used for the test of hypotheses via SPSS Version 23.0. The findings revealed that there is a significant relationship between trade union finance and workers’ social security of oil and gas firms in Rivers State. The study concluded that trade union finance enhance workers’ social security. The study recommended among others that trade unions should generate income beyond membership dues, such as through investment in cooperative ventures, partnerships, or welfare funds as such would enable them to negotiate for comprehensive health insurance packages, sponsor health awareness campaigns, and subsidize medical bills for members.