Business
Compensation Law Workers Commend Jonathan
Workers in both the public and private sectors on Tuesday hailed President Goodluck Jonathan for signing the Employees’ Compensation Act into law.
Some of the workers who spoke with newsmen in Abuja said the signing of the Act was a welcome development, urging the government to monitor its implementation.
Mr Obi Okafor, a public servant, said the signing of the Act was one of the best initiatives of the Federal Government.
“This is a welcome development as it concerns the labour sector of the economy. Before now a lot of workers had suffered injuries while on official duties and nobody cared for them.
“With this law, it will be compulsory for an employer to pay compensation to his or her employee who suffers accident while on duty,” he said.
Okafor said the law would go a long way in creating harmonious industrial relationships between labour groups and organisations.
Malam Bello Murtar, an accountant in a private organisation, said that if the law covered the private sector, it would bring hope for labourers who work throughout the day.
“A lot ofthem are not compensated in the event of accidents. They are only given time to recover. Now they have something to fall back on,” Murta said.
Mrs Kemi Ibiyemi, a public servant, said “the only fear is at the implementation stage of this law; we in this country have a lot of ideas but the problem is implementation.
“I will like to call on the Federal Government to ensure that this particular law is implemented because it involves lives,” she said.
The main objective of the Act is to provide a more open and fair system of guaranteed and adequate compensation for all employees or their dependants for any death, injury, disease or disability arising out of or in the course of employment.
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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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