Business
FG To Review Minimum Wage
The Federal Government has expressed its commitment towards reviewing the national minimum wage for workers in the country.
The Minister of Labour and Employment, Sen. Chris Ngige, who disclosed that government would put in place measures to ensure that all employers of labour in the country complied with the new minimum wage for workers when it is eventually put in place.
Ngige further said that government had put on hold the proposed agreement between the Minister of Labour and Employment and Qater in view of the wide report of unfair and slave labour practice in the country.
Speaking when the Secretary-General of the International Trade Union Congress (ITUC), Sharon Baron, visited him in his office, the minister said, “minimum wage is good; we are already working on it. We have technical working committee in place and the current administration is poised to ensure that employers at all levels comply with this law by ensuring that everybody is carried along through the composition of an all-inclusive committee”.
The Minister expressed the support of the Federal Government of Nigeria to the efforts of the International Labour Organisation in combating slave labour in Qatar.
Speaking earlier, the Secretary-General of ITUC, Sharom Baron, applauded the stance of the Federal Government of Nigeria in the promotion of decent work, requesting the support of Nigeria in the fight against slave labour in Qatar.
She said, “Nigeria has always been a strong government in defence of decent work and we need your support in the fight against slave labour as the government of Qatar runs a system where workers rights are determined by the government, even in the issues of minimum wage. We need your help to protect Nigerians in Qatar”.
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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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