Business
Obaseki To Meet Pensioners Over Unpaid Pension
Governor Godwin Obaseki of Edo State will meet members of the Nigerian Union of Pensioners, Edo State Chapter, with a view to amicably resolving all pension payments-related issues, an official has said.
The Head of Administration, Oredo Local Government Council, Mr Osagiator Ojo made the disclosure when he briefed newsmen on the outcome of the Joint Account and Allocation Committee meeting.
The meeting was chaired by Obaseki at Government House in Benin on Tuesday.
Ojo said the meeting, which would be attended by representatives of local government and state government pensioners, was necessary to correct the misinformation about pension payments by the present administration.
“Government has observed with dismay the gross misinformation that has characterised the payment of pensions in the state.
“The governor, therefore, would wish to engage the union leadership or the pensioners both at the local and state levels to ensure that this gross misinformation is dispelled and all issues arising to the controversies bothering on pension payments are amicably resolved,” he said.
Ojo said that the 18 local governments in the state jointly contributed N212. 88 million in August for the payment of pensions and contributed N244. 09 million in September for the same purpose. He said that total allocation accrued to the 18 local governments in September and shared in October was N2.55 billion out of which N1. 46 billion was mandatory expenditure.
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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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