Business
Union Rejects Planned Concession Of NRC
The leadership of Nigeria Union of Railway Workers (NURW) has kicked against the planned concessioning of the Nigeria Railway Corporation (NRC) assets without transparency and due process by the Federal Government.
In a statement released last Wednesday in Port Harcourt and signed by the union’s National President, Comrade Saidu Garba, the union said that the concession process did not include plans to address all necessary labour related issues and collective bargain of the workers outstanding salaries, promotion and arrears owed the workers.
Garba said that “the Federal Government needs to outline plans to engage the workers on how to solve all evolving labour issues in the planned concession of the corporation assets, stressing that, without the workers’ engagement, the planned concession would be a failure.
He emphasised that workers in the corporation are uncomfortable with the planned concession of the corporation, adding that experiences of privatised government establishments have been stories of failure.
The union leader stated that, the country has not been fortunate enough to get privatisation or concession right probably because of our policy inconsistency, lack of political will coupled with the hasty way concessions are pursued.
He cautioned the government to be more open and transparent especially in the way the inventories of the entire assets of the corporation are being carried out.
He added that, the union had queried how assets of the railway corporation are being handed over to a preferred concessionaire whose document of expression of interest predates the newspaper advert for the bidding.
Garba stressed that, the workers were not opposed to the concession but urged the Federal Government to adopt more transparent approach, due diligence and best good practices in the exercise.
Philip Okparaji
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
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.
-
News3 days agoDon Lauds RSG, NECA On Job Fair
-
Niger Delta24 hours agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Sports1 day agoSimba open Nwabali talks
-
Nation1 day agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Transport1 day agoNigeria Rates 7th For Visa Application To France —–Schengen Visa
-
Niger Delta1 day ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta24 hours ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Oil & Energy1 day agoElectricity Consumers Laud Aba Power for Exceeding 2025 Meter Rollout Target
