Business
FG Tackles 212 Industrial Disputes
The Minister of Information, Mr Labaran Maku, has said that the Federal Government, through the Ministry of Labour and Productivity, dealt with about 212 industrial disputes in 2012.
The minister said this while briefing State House correspondents on the outcome of the Federal Executive Council (FEC) meeting presided over by President Goodluck Jonathan at the State House, Wednesday.
He said the council’s meeting was primarily devoted to the performance appraisal of the Ministry of Labour and Productivity and the Ministry of Federal Capital Development.
Maku said that from the 212 industrial dispute cases, 53.3 per cent were about wage increase, while 213 were about disputes and complaints between workers and employers.
“Out of all these, the ministry was able to resolve 174 cases through arbitration/negotiation with workers, 25 other cases are under resolution, while 13 are ongoing,’’ he said.
The minister added that about 195,534 jobs were generated through contracts that were awarded by FEC in 2012.
He said the Ministry of Labour and Productivity was able to monitor the jobs creation through employment tracking in the private and public sector.
He added that there was an increase in wages by 54.3 per cent in 2012 through the hike in minimum wage for civil servants.
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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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