Business
TUC Promises Improved Workers Welfare
Chairman of the Trade Union Congress (TUC) in Rivers State, Mr. Chika Onuegbu, has pledged to make the welfare of workers in the state and country his priority.
Onuegbu, who made the pledge in Port Harcourt recently in a statement following his election as the National Industrial Relations Officer (NIRO) of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), said workers interest will be protected.
“I will continue to see that workers’ interest will be protected in all ramifications,” he said.
The unionist urged members of his union to support him in order to enable him succeed in his new office, saying that he cannot work alone, he needs the support of every member to ensure quality leadership.
Onuegbu, who was the immediate past Port Harcourt zonal Industrial Relations Officer of the union, expressed joy over his victory.
Onuegbu, who noted that leadership has to do with developing new ideas, new actions and new possibilities to make a change in a given society, urged members to take their work seriously in order to achieve results.
Sogbeba Dokubo
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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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