Business
Minimum Wage: Labour Calls For Quick Passage Of Bill
The organised labour, yesterday called for the immediate passage of the National Minimum Wage bill into law as soon as the committee concludes negotiation.
President of the United Labour Congress (ULC), Mr Joe Ajaero made the call at the end of its Central Working Committee meeting in Lagos.
The Tide’s source reports that the committee is expected to wrap up negotiation on the minimum wage bill in August.
Ajaero said that the minimum wage negotiation had dragged on for too long and the committee should endeavour to meet the deadline.
“We also hope that all relevant agencies that should implement the new wage will do so as soon as the bill is passed,’’ he said.
The ULC president also called for the immediate payment of arrears of severance packages owed to defunct Nigeria Airways workers and Power Holding Company of Nigeria (PHCN).
According to him, this is necessary to end the suffering of 48,000 electricity workers whose payment was not fully made and 2,000 others who were not paid at all.
He said “50,000 workers were disengaged during the PHCN privatisation in 2013, 48,000 workers received their severance package but were short-changed by six months while 2,000 workers were not paid.’’
Ajaero said that in spite of various negotiations on the issue nothing had been achieved.
The labour leader called on the National Assembly to review existing industrial relations and other labour laws to align with modern reality in work places.
He said that it was necessary for all stakeholders to be carried along in the process of crafting a better and progressive law.
He urged President Muhammadu Buhari to assent to the Petroleum Industry Governance Bill since it had already been passed.
He further called on the government to release the certificate of the ULC so that the nation’s industrial relations clime would be inclusive and robust.
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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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