Business
May Day: PENGASSAN Urges System Overhaul

Two Cotonou bound boats laden with products suspected to be illegally refined Automotive Gas Oil (Diesel Fuel) concealed in plastic tanks at the Warri Naval Base in Delta last Friday
The Petroleum and
National Gas Senior Staff Association of Nigeria (PENGASSAN) has called for overhaul of the operational system in the upstream, midstream and downstream aimed at bringing a positive change in the oil and gas industry.
According to the association, this could only be achieved through putting in place a formidable Petroleum Industry Bill (PIB), stepping of security of lives and properties, including oil and gas infrastructure as well as curbing pipeline vandalism and crude oil theft.
This was contained in this year’s May Day message by PENGASSAN to Nigerians, signed by the association’s President, Comrade Francis Olabode Johnson and the Acting General Secretary, Comrade Lumumba Akugbawa.
The statement also said that the overhaul would ensure that refineries function at optimal level as to increase local refining, enhance effective distribution of petroleum products in the country, better funding of Joint Venture operations and improved Nigerian content in material, technical and human sections of the sector.
PENGASSAN feared that the ongoing reforms and the global economic crises occasioned by the continuous fall in oil prices will pose more challenges which require synergy among the government, employers and labour to stem the negative impact on the nation’s economy as well as workers.
“There is need for the three parties to convene a stakeholders’ forum for the purpose of holistically examining the challenges confronting the nation’s oil and gas industry and proffer solutions to the problems”, it said.
It noted that to engender a robust and efficient industrial relations, employers and the labour unions must have mutual respect and appreciate workplace relationship as it relates to freedom and choice to unionization and right to collective bargaining and stressed that agreements that are collectively signed must be strictly adhered to by all parties.
The statement frowned at what is termed unprocedural disengagement of workers by employers using redundancy, divestments or global economic crises as excuses and insisted that workers must employ all legitimate means to address all forms of unprocedual termination and severance process.
The union expressed regret that casual and contract employment were tactically and steadily taking over permanent employment as employers have formed the attitude of nugrating core and support jobs to contracts and agency labour.
The statement stated that “today workers are confronted with employment, economic, social, environmental and political challenges that impact on their welfare and lives as well as their families”.
Chris Oluoh
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
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.
-
Niger Delta2 days agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
News4 days agoDon Lauds RSG, NECA On Job Fair
-
Sports2 days agoSimba open Nwabali talks
-
Nation2 days agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Niger Delta2 days ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta2 days ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Oil & Energy2 days agoNUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership
-
Rivers2 days ago
Fubara Restates Continued Support For NYSC In Rivers
