Business
Labour Canvasses Stronger Electoral System
Labour leaders in the South South geo-political zone have called for the strengthening of the electoral process to guarantee free and fair elections ahead of the 2015 general elections.
Rising from a one day stakeholders meeting held in Port Harcourt under the auspices of the Centre for Development and Support Initiative (CEDSI) and the United Nations Development Programme (UNDP), the labour leaders also restated their opposition to the removal of the minimum wage from the exclusive to the concurrent list.
Part of the communiqué made available to newsmen at the end of the meeting, said that the Independent National Electoral Commission (INEC) should be granted full autonomy, while the Justice Uwais report on electoral reforms should be adopted.
They also said that the office of the Accountant General of the Federation should be granted full Independence, while the issue of social security for Nigerians should beenshrined in the constitution.
Others include, granting full autonomy to local government councils in the country, removal of immunity from both the President and Governors in the country, while all legal institutions in the country should be strengthened to tackle corruption.
The Country Director, Centre for Development and Support Initiative (CEDSI), Mrs Mina Ogbanga, said that the meeting was held to reinforce the position of labour in the zone on some national issues, against the backdrop of the on-going constitutional amendment.
Ogbanga who spoke through her Finance and Administrative Director, Mr. Kuna Porokie, said that the stand of labour on the whole issue was that of good governance.
Also speaking, the Treasurer of the Trade Union Congress (TUC), Rivers State, Dr. Chris Mbata, said that TUC would continue to advocate for true federalism in the country and declared that the position of labour on the issue of minimum wage, was that, there could not be an isolation in the implementation of true federalism, noting that “if you want to remove minimum wage from the exclusive list, then implement true federalism in all sectors”, he said.
The facilitator of the meeting, Mr. Henry Udoh, said that a meeting would be arranged with all state Houses of Assembly in the South South zone on the issue.
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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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