Business
RSG Restates Commitment To Industrial Harmony
The Rivers State Government has re-affirmed its determination to partner with the workforce in ensuring a peaceful and industrial-friendly environment.
The state governor, Rt. Hon. Chibuike Rotimi Aamechi, said this in Port Harcourt during a meeting he held with members of the State Salaries and Wages Negotiating Committee.
He restated the commitment of the state government to fast-track the negotiation process with a view to “finding a working solution to some of the demands of the state’s workforce.”
The state chief executive who was represented by the former Secretary to the State Government, Hon. Magnus Abe, expressed disappointment that all the unions involved in the negotiation talks, the Rivers State University of Science and Technology chapter of the Academic Staff Union of Universities (ASUU) has continued to dissociate itself from the exercise in spite of invitations forwarded to the union through its chairman.
He, however, thanked the union’s representatives for the co-operation and patriotic zeal demonstrated in the course of the negotiation process, especially in putting the interest of the state over and above other considerations in order that a mutually acceptable position to all parties was reached, despite intense pressures from their members.
In his response, the state chairman of Nigeria Labour Congress (NLC), Chief Chris Oruge, thanked the state governor for the opportunity offered the union representatives to meet and resolve contending demands of workers in the state and assured of their continued support to the overall goals and aspirations of the state government.
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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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