Business
Unemployed Graduates Protest To Shell
Security was beefed up at Shell facilities at the Industrial Area, Port Harcourt yesterday following a protest by a group of unemployed graduates of Niger Delta.
The protesters who carried several placards told newsmen that their decision to protest to the company followed its lopsided employment policy.
Some of the placards carried by the protesting youths include, “support local content policy,” “Shell we are employable: Give us jobs today,” Shell stop man know man employment,” “create jobs create development”, amongst others.
The president of Unemployed Graduates Association of Niger Delta, Mene Dum Fubara said that the protest will be taken round all the major oil and gas companies in the state.
Fubara said that the association decided to start with Shell as it is the first major oil company that started its operation in the Niger Delta.
He said that, the association had directed all its members to come with their curriculum vitae which would be handed over to the management of SPDC.
Also speaking, the Association Director of Information and Publicity, Mr Onuekwa Nkesa said that it is either SPDC employs their members or empowers them, stressing that it is when the company has agreed to these, that the protest will be stopped.
He, however, said that, the management of SPDC has arranged for a meeting next Wednesday to look into its grievances.
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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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