Business
NLC To Participate In National Confab

L-R: Managing Director, Momas Electricity Meters Manufacturing Company (Memmco), Mr Lucas Scaraffiotti, Rep. Abike Dabiri-erewa and Chairman, Memmco, Mr Kola Balogun, during Rep. Dabiri-erewa’s visit to the Meter Manufacturing Factory in Lagos, recently. Photo: NAN
The Nigerian Labour Congress (NLC) has said that the congress is ready to participate in the forthcoming National Conference scheduled to begin in Abuja, today.
This is contained in a communiqué issued at the end of the congress’ emergency meeting of the central working committee (CWC) obtained by The Tide from the NLC Rivers State Chapter secretariat.
The communiqué was signed by Comrade Abuwaheed Omar the President of NLC and Comrade Chris Uyo, Acting General Secretary.
The CWC said that after an exhaustive deliberation, the committee endorsed the report of the congress to the national conference.
“It also accepted to focus on national and core labour issues and resolved to work with organizations of like minds to make a robust presentation at the conference.”
The communiqué condemned the murder of innocent school children in Yobe and the unrelenting killing and brigandage in Borno State.
The communiqué said the NLC renewed its call on the government to halt further loss of lives by devising an imaginative and enduring strategy that could curb the menace of Boko Haram.
The CWC described the nationwide fuel scarcity and called on government to take necessary actions to ensure uninterrupted supply of petroleum products to consumers.
The NLC delegates which include Abdulwaheed Omar, Christ Uyot and three Deputy Presidents, Kiri Mohammed, Joe Ajaero and Promise Adewusi, were nominated by the Central Working Committee (CWC).
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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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