Business
Rivers NLC Lauds Amaechi For Approving Minimum Wage
The Nigeria Labour Congress (NLC), Rivers State council has commended the state governor, Rt. Hon Chibuike Rotimi Amaechi for being the first governor in the 36 State of the federation to approve the payment of #18,000 minimum wage without negotiation.
Chairman, Nigeria Labour Congress, Rivers State council, Comrade Chris Oruge made the commendation in a press release signed by his media assistant, Mr. Tonye Orabere in Port Harcourt on Tuesday.
According to the press release which was made available to The Tide disclosed that the governor’s approval of the new minimum wage was made known by the Secretary to the State Government (SSG), Hon Magnus Abe at a meeting with labour leaders in his office.
Comrade Oruge who was the leader of the delegation during the meeting with SSG expressed happiness of the entire work force in Rivers State over the governor’s gesture, stressing that it has gone along way to cement the already industrial harmony in the state.
“We are happy because the governor did not allow us to go through long process of negotiation over the new minimum wage as approved by the Federal Government”, Comrade Oruge declared.
Consequently, the NLC boss advised unions that have salary problem in the state to forward their position paper to the office of the Commissioner of Finance to enable the state governmetn work on them. In the same vein, he appealed to workers in the state civil service to reciprocate the governor’s kind gesture through commitment and devotion to their duties at all times.
Isaac Nwankwo
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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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