Business
TUC Mobilises Members For 3-day Strike
The Trade Union Congress (TUC) in Rivers has set up two committees to mobilise and monitor its members during the three-day warning strike called by labour.
The Chairman of the congress in the state, Mr Hyginus Onuegbu, said last Friday at the state congress in Port Harcourt that the TUC agreed to join the NLC to call the government’s atten-tion to the non- implementation of the new minimum wage.
He also said the decision to join the NLC by the Central Working Committee (CWC) of TUC was to mount more pressure on the government to implement the new minimum wage.
“The first committee is to make sure that the strike will go on while the other will ensure and monitor participation during the strike.
“The TUC support to NLC will go a long way for effective actualisation of the minimum wage,” he said.
He said the non- implementation of the new wage was unfair because the government had earlier given a promise on the issue to workers.
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Business
Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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