Business
Kwara Retirees Protest N4bn Pension Arrears …Take Case To Assembly
Hundreds of pensioners from the 16 local governent areas of Kwara State have stormed the state House of Assembly, requesting it to intervene in an unpaid N4 billion pension and gratuities to members.
The pensioners, including women and widows under the umbrella of Kwara Local Governent Pensioners Association, carried placards with various inscriptions demanding immediate payment of their pensions and gratuities.
The House Leader, Hasssan Oyeleke and some members met the pensioners on behalf of the Speaker at the main entrance of the chamber of the House immediately after yesterday’s plenary.
The Secretary of the Local Government Pensioners Association, Alhaji Saidu Oladimeji, who led the pensioners to the assembly, explained that conditions of most local government pensioners in the state were pathetic following the indebtedness.
Oladimeji lamented the stoppage of payment of gratuities to the pensioners since 2008 and non implementation of 20 per cent pension increase following review of salaries.
Oladimeji noted that the shifting of payment of teachers in the Junior Secondary Schools in Kwara compounded the financial predicament of local governments in the state.
He said nonpayment of members had incapacitated them from meeting their medical and domestic obligations at home.
The House Leader, Oyeleke, commended the pensioners for reporting their plight to the legislature as representatives of the electorate.
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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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