Business
NUPENG Ready To Resist Retrenchment In NNPC

L-R: Manager, Field/Government Operations, ExxonMobil, Mr Adeyemi Fakoyejo, member, Rivers State House of Assembly representing Eleme Constituency, Hon Josiah J. Olu (middle), and Caretaker Committee Chairman, Onne Youth Council, Hon Sameul Onwinkore, during the handover ceremony of a bus donated to Onne Youth Council by NNPC/Exxon Mobil on Thursday. Photo: Egberi A. Sampson
The Nigeria Union of Petro
leum and Natural Gas Workers (NUPENG), has kicked against the Federal Government’s approval given to the Minister of State, Petroleum, Dr. Ibe Kachikwu, to commence the final phase of the restructuring of the Nigeria National Petroleum Corporation (NNPC) that would result in the disengagement of the union members working in the corporation.
Speaking to The Tide last Friday in Port Harcourt, the Union’s National President, Comrade Igwe Achese, said the union would resist the proposed retrenchment and embark on a joint protest with the senior staff union PENGASSAN if the minister carries out any retrenchment exercise.
Achese said the union would not fold its hand and watch it members thrown into the unemployment market as a result of inconsistent policies of the Federal Government in the oil and gas sector.
The union’s president warned the management of the NNPC against the continuous violation of the extant labour law of the country by the NNPC Management current policy to engage casual workers.
He said that the NNPC workers should be commended for their dedication and commitment to their jobs even while working with obsolete equipment in a challenging environment considered very hostile to the workers.
The union leader advocated for a meaningful dialogue among the various stakeholders in the oil and gas sector on how to proffer solutions to the myriads of problems facing the sector.
Philip Okparaji
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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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