Business
Commission To Fast-Track LG Pension Payment
The Rivers State Local Government Service Commission, says it is working hard to fast-track early pensions payment to its retirees.
The Commission’s Secretary, Sir Gabriel adonye Jumbo who said this while briefing the press Monday in his office disclosed that the present administration is poised to eradicate all the bottle necks associated with the payment of pension and gratuity to retirees of the commission.
Jumbo who regretted the difficulties retirees of the commission are facing, assured that the situation would soon be a thing of the past.
He also said that as part of the effort to solve the problem the commission would be meeting with stakeholders today.
According to him, the meeting which will be attended by representatives of the State Ministry of Justice, Office of the Auditor General for Local Government Staff Pension Board and two Desk Officers from each of the 23 Local Government Areas will deliberate on ways of facilitating the payment of pension and gratuity not later than three months after retirement.
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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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