Business
NNPC Boss Wants Union To Shelve Planned Strike
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru has appealed to the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) to reconsider a 15-day ultimatum it issued the Federal Government.
A statement issued in Abuja Friday by the NNPC Spokesman, Mr Ndu Ughamadu, said Baru expressed concern over the possible effects the ultimatum would have on products supply and distribution chain in the country.
The GMD stated that the NUPENG’s threat could compound the current hiccups in the supply chain over which concerted efforts are being made to bring it under control.
He therefore appealed to the union to exercise patience to enable government address issues over which it had raised concern.
NUPENG had, in a release dated January 31, given a 15-day ultimatum to government over six labour issues between some of its members and their respective companies.
Baru urged NUPENG to maintain the harmonious industrial relations that have brought stability in the industry.
Meanwhile, Petroleum Tanker Drivers (PTD) branch of NUPENG has assured the NNPC that it had no plan to embark on any strike action.
According to the statement, PTD Chairman, Oladiti Salman, dismissed online claims that it issued ultimatum to government over the state of some roads in the country as a ruse.
He disowned the statement which had been trending on the social media, saying; “the misinformation is a calculated attempt by mischief makers to cause panic in the country”.
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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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