Business
NLC Decries Poor Condition Of Retired Civil Servants
President of the Nigeria
Labour Congress (NLC), Mr Abdulwahed Omar, on Monday in Jalingo, the Taraba State capital, decried the poor living condition of retired civil servants in the country.
Represented by Mr. Emmanuel Ugboaja, Head, Industrial Relations, NLC, Omar, said this at the foundation laying of 1,000 units of houses being built by the Taraba State chapter of the union.
Omar said in many instances, retired civil servants had to resort to “squatting’ with their relatives after years of service to their fatherland.”
He added, “Nigerian workers have been victimised over the years by existing governments. It is sad to see someone who puts in 35 years in service to the nation, looking for relatives in his village to squat with on his retirement. This is not fair.”
Omar advised civil servants to take their destinies in their own hands by subscribing to the housing fund to own their houses.
He commended Taraba State NLC for being one of the few states in the country to take steps towards addressing the housing needs of workers.
The state Acting Governor, Alhaji Garba Umar, said the state government would provide the necessary infrastructure such as roads, electricity and water to the housing units.
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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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