Business
Pensioners Protest Non-Payment Of Pension Arrears
No fewer than 500 mem
bers of the Nigeria Union of Pensioners (NUP),Oyo State chapter, on Wednesday protested the non-payment of their pension arrears by the state.
The protest followed the expiration of a seven-day ultimatum given by the pensioners to the state during which the state failed to meet up with their eight-point demand.
Our source gathered that the pensioners matched from their office to the Agodi Secretariat in Ibadan, calling on Gov. Abiola Ajimobi to pay them.
The pensioners carried placards with various inscriptions as : “Ajimobi, Pay Us Our Pension Arrears”, “Ajimobi, We Are Hungry,” and “Oyo Pensioners Are Starving.”
The pensioners were demanding for an immediate payment of the February to June, 2015 pension arrears, payment of gratuity and increased funding to the state Ministry of Establishment to enhance the payment of their gratuities.
The other demands include: the payment of arrears of six per cent pension increase, the immediate re-instatement of pensioners whose names were missing from the payroll.
They were also demanding for the implementation of new pension scheme for workers forcefully retired in 2002.
Speaking on the issue, the Chairman of the pensioners, Alhaji Ganiyu Azeez, who was represented by his vice, Mr. Gbade Akande, urged President Muhammadu Buhari to intervene in the matter.
“Only a bail-out by the Federal Government and concerted effort by the state government to improve on its IGR can alleviate our sufferings,” Azeez said.
He, however, said that in an event where presidential intervention might not immediately solve the crisis, the governor should put in motion modalities by which the arrears would be fixed.
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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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