Business
OPS To Participate In FG, Stakeholders’ Forum
The Organised Private Sector (OPS) yesterday said it was ready to participate in the stakeholders’ meeting on incessant retrenchment of workers scheduled to hold in July.
The Director-General of NECA, Mr. Segun Oshinowo, told our correspondent in lagos that there was no issue that could not be handled cordially through dialogue.
The OPS under the aegis of NECA, said that it believed in social dialogue and was ready to be part of the stakeholders’ meeting.
Oshinowo spoke against the backdrop of a statement by the Minister of labour and Employment, Dr. Chris Ngige, that government would organise a stakeholders’ meeting in July to discuss the regular sack of workers, among others.
“The OPS believes in social dialogue and there is no issue or situation that cannot be resolved in friendly terms between the government, union and employers.
“In 1983, employers went through similar challenge where there was scarcity of foreign exchange and import licence which forced employers in the entire sectors to retrench,” he said.
The director-general said that employers should not be blamed for sacking workers as a result of economic problem because they would not be comfortable to owe salaries.
“Employers are also Nigerians and are interested in the welfare of citizens.
“The truth about it is that any employer that is worth his salt, will not treat its human resources with ignominy or slavery.
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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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