Business
TUC Blames Poverty For Child Labour
President General of Trade Union Congress of Nigeria (TUC) Peter Esele, has attributed the prevalence of child labour to high level poverty in the country.
In an interview with newsmen last Thursday in Geneva Esele said the high level of poverty and unemployment in the country was a reflection of lack of social protection.
Esele, who is attending the 101st session of the International Labour Congress, said that giving priority to job creation programmes by all tiers of government was the only solution to tackling the high rate of unemployment in the country
“The governments must introduce new innovative policies to tackle unemployment and inequality in the country.
“To achieve progress, the Federal Government has to initiate measures that would introduce new innovations and build social development models that would go beyond public finance in order to have much wider impact.
“ This can only be done by leveraging private initiatives through public-private partnerships or through social entrepreneurship,” he said.
The TUC’s President General urged the media to hold governments accountable for whatever they say to ensure that they fulfill their promises to Nigerians.
“It is a collective responsibility particularly for those in the media to put everybody on the spot”.
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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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