Business
Minister Inaugurates Three Labour Committees
The Minister of Labour and Productivity, Chief Emeka Wogu, has inaugurated three committees established by the National Labour Advisory Council (NLAC).
Speaking at the inauguration in Abuja, Wogu said the committees were to look into diverse labour-related matters. He, therefore, called on the members to put in their best to make Nigerians to enjoy the best of labour peace.
Report say that the first is the Committee on Development of Programmes and Strategies for Mainstreaming the NLAC into the National Development Agenda.
Wogu told the 12-member committee to recommend programmes and strategies for mainstreaming and recognising the position, relevance and roles of the NLAC into the Transformation Agenda of the present administration.
The committee is headed by Mr Mahmud Othman, representative of the Nigeria Employers’ Consultative Association (NECA).
The minister, while inaugurating the second, which is the Committee on the Review of Industrial Relation Practise in Nigeria, asked members to identify existing weaknesses and impediments inimical to productive industrial relations. The committee is headed by Mr Ayuba Wabba, President, Medical and Health Workers’ Union.
Wogu urged it to identify existing committees of the Federal Government dealing with labour issues, recommend their domiciling and how to make improvements on them. He said that was also “ to examine the emerging trend of the establishment of Ministry of Labour and Productivity by state governments and make recommendations to the Federal 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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