Business
Strike: Address PENGASSAN’s Demands, IPMAN Urges FG
The Independent Marketers Association of Nigeria (IPMAN), has called for a quick resolution of the dispute between the Federal Government and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
IPMAN’s President, Mr Chinedu Okoronkwo, made the call in Lagos, yesterday.
He said that although the Nigerian National Petroleum Corporation (NNPC) had assured the public that there would be no shortage in fuel supply, a lingering strike by PENGASSAN could have a negative effect on the nation’s oil and gas industry.
“They (PENGASSAN) are very important in the value chain of distribution and supply of petroleum products and nobody should underrate their importance.
“The government should listen to them and find a common ground because a lingering strike by them is not good for the industry,” he said.
Okoronkwo, however, stressed that IPMAN was an association and not a trade union and would continue to render its services to ensure that petroleum products get to the end users.
PENGASSAN had, on Monday, embarked on an indefinite strike, following the expiration of an earlier seven-day ultimatum given to the Federal Government to agree to its demands.
The action followed the protracted disagreement between PENGSSAN and the Federal Government, over the latter’s directive on registration of its members on the Integrated Payroll and Personnel Information System.
The union’s President, Mr Felix Osifo, in a statement issued on Wednesday, said their meeting with the government was inconclusive as their demands were yet to be addressed.
Osifo also accused the Federal Government of not attaching importance to the committee that was set up to look into the matters of unpaid arrears, as government negotiators did not turn up for meetings.
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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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