Business
PHCN Workers Protest Non-Payment Of Salaries
The premises of Ikeja Distribution Company of PHCN was last Thursday barricaded by members of the Nigeria Union of Electricity Employees (NUEE) protesting over non-payment salaries.
Mr Etukubes Mbang, the Vice-Chairman of Lagos/Ogun Chapter of the union, told the newsmen in Lagos that the workers were protesting against non-payment of five months’ salaries.
According to him, the workers are also protesting the refusal of management to transfer allowances of those that were moved from one location to another.
He said that some workers were still not receiving their salaries after the completion of the biometrics exercise.
Mbang said that the outstanding salaries were more than N390 million.
Mr Chris Akamnonu, the Chief Executive of the company, told our correspondent on phone that the management was working on the matter and the issues would be addressed soon.
He said that the protest had not affected power supply to customers in the unit.
According to him, the protest was mainly on the biometrics exercise which affected payment of some workers’ salaries.
“The non-payment of salaries affected just a small proportion of the workers and which we are working on.
“The case has been resolved now and the workers have gone back to their various offices.
“Over 3,400 workers have been paid,’’ he said.
It would be recalled that Prof. Berth Nnaji, Minister of Power, had said that any PHCN worker who failed to appear for the biometrics verification would not be paid.
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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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