Business
FG Recruits Staff For Social Protection Policy
The Minister of Labour and Productivity, Chief Emeka Wogu, says the Federal Government is doing its best to improve social protection of its citizens in line with the International Labour Convention (ILC).
The Minister said this in an interview with newsmen in Geneva, venue of the ongoing 101st Session of the ILC.
He said already recruitment of staff to run the scheme was going on while an office accommodation for the agency had been secured.
Wogu explained that the social security programme was established to improve the well-being of the poor, reduce inequality within the society and conciliate different social demands.
“The underlying aim of Social security scheme in any country is the protection from fear and want, so we should therefore be aiming for a social security system that will be integrated within the overall development strategy of the country.
“Our Social security policy is therefore aimed at the protection and promotion of both human and physical capital. ’’
The minister also said the Nigeria Social Insurance Trust Fund has begun the implementation of the provisions of Employee Compensation Act.
It would be recalled that the current 101st session of the ILC had discussed extensively the issue of social security and called on member nations to treat the issue with urgency.
The provision of social security scheme by member countries of the ILC was first adopted at the 100th session of the ILC held in 2011.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
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.
-
News2 days agoDon Lauds RSG, NECA On Job Fair
-
Transport14 hours agoNigeria Rates 7th For Visa Application To France —–Schengen Visa
-
Niger Delta11 hours agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Nation13 hours agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Niger Delta13 hours ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Sports12 hours agoSimba open Nwabali talks
-
Niger Delta11 hours ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Oil & Energy14 hours agoElectricity Consumers Laud Aba Power for Exceeding 2025 Meter Rollout Target
