Business
Don Urges FG To Pay New Minimum Wage, Oct
A lecturer at the University of Nigeria, Nsukka, Prof. Rose Onah has urged the Federal Government to expedite action and start paying workers the new minimum in October.
Onah of the Department of Public Administration and Local Government Affairs made the call in an interview with The Tide source in Nsukka, yesterday.
She said that the payment of the new minimum wage would reassure workers in the country that government had their welfare at heart.
“The Federal Government should do everything within its power to ensure that the new minimum wage is paid to workers in October.
“This will give workers a sense of belonging as well as show them that government has their welfare at heart.
“The present minimum wage of N18,000 is now a peanut based on current economic realities in the country,’’ she said.
She advised government not to allow the organised labour to embark on strike first before implementing the new wage for which it set up a committee in September 2017.
The don noted that it would not be a good record for the present administration if it failed to increase workers’ salaries.
“Government should not wait until Nigeria Labour Congress (NLC) calls out workers on strike before implementing the new minimum wage.
“That will be as if government is being forced to implement the new wage.
“Government should also ensure the new wage is a living wage and something that will put smiles on the faces of workers as it will help in increasing workers’ productivity,’’ she said.
Onah, former chairman, Caretaker Committee, Nsukka Local Government Area, said most workers had been borrowing money from friends, neighbours and commercial banks, to ensure they met their financial responsibilities.
“As a result of the poor salaries paid to workers, some people look down on civil servants and see them as the poorest in the society.”
“It’s unfortunate that some patriotic civil servants who refused to engage in corrupt practices retire without having a car or a house of their own because of poor salary,’’ she said.
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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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