Business
Workers Insist On NITEL’s Revival, Reject Liquidation
The National Union of
Postal and Telecommunication Employees (NUPTE) on Monday in Abuja appealed to the Federal Government to resuscitate the Nigerian Telecommunications Limited (NITEL) and not liquidate it.
The President of the union, Mr Sunday Alhassan, made the call in an interview with newsmen
He urged the government to make funds available for NITEL to be revived, adding that it was in the interest of the economy to resuscitate the ailing company.
Alhassan expressed the union’s belief that the company could operate as a viable telecom industry in the country.
“Our belief is that NITEL up till today still has what it takes to be resuscitated to operate as a viable telecom industry in Nigeria.
“We have shouted on top of our voice; drawn the attention of government, but our cry is not being heeded, reasons best known to the authorities.
“The best way to go was for the government to fund NITEL, resuscitate it. NITEL till today has defied all attempts of privatisation over the years.
“We do believe that what they are even putting up for sale is something that they don’t know the value of.
“If anybody knows the value of NITEL, in a developing economy like Nigeria, it would not be the best option.
‘What we need to do is to get NITEL to operate like a private organisation of government, not government insisting on selling it out.
“You will agree with me that in all other economy of the world, despite the issue of privatisation and deregulation, they still have national operators.’’
Alhassan said the union had always insisted that NITEL should not be sold or liquidated because it still generated revenue.
He urged government to pay the 400 staff of the company and save them the agony of the dehumanising conditions they were subjected to.
“The money that comes into the coffers of NITEL monthly can pay the salaries of those workers on a monthly basis and we find it very difficult to believe why the government seems to close its eyes while the staff are suffering.’’
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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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