Business
FG Inaugurates Minimum Wage Review Committee, Today
A former Head of Service of the Federation, Ms Ama Pepple has been appointed to head the 30-member committee to review the current national minimum wage in Nigeria.
The Tripartite National Minimum Wage Committee would be inaugurated at the Council Chambers, State House, Abuja, today.
President Muhammadu Buhari approved the appointment of members of the committee to negotiate a new minimum wage for workers in the country.
Deputy Director, Press, Ministry of Labour and Employment, Mr. Olowookere Samuel said by its tripartite nature, the committee was made up of persons from the public and the private sectors.
“They include the Nigeria Employers Consultative Association (NECA), Manufacturers Association of Nigeria (MAN), Nigerian Association of Chambers of Commerce Industry Mines and Agriculture (NACCIMA) and Nigerian Association of Small and Medium Enterprises (NASME). ”
He said other members of the committee are Sen. Chris Ngige, Minister of Labour and Employment (Deputy Chairman), Mr. Ayuba Wabba and Mr Bobboi Kaigama, among others would be representing the trade unions.
The Nigeria Governors’ Forum (NGF) will be represented by Rauf Aregbesola of Osun State, and Governor Rochas Okorocha of Imo State.
The Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) have been kicking against the present Nigeria’s national minimum wage of N18,000.
The unions are proposing N56,000 as a new minimum wage.
The N18,000 minimum wage was introduced seven years ago by former President Goodluck Jonathan, who acted then for late President Umar Yar’Adua.
The minimum wage was an improvement on the N7,500 minimum wage that was obtainable.
Jonathan had then pleaded with the civil servants to shelve their planned five-day warning strike scheduled to commence the next day and assured them that the issues in dispute would be resolved within the next three months.
He had directed then Minister of Labour, Chief Chukwuemeka Wogu, to ensure that negotiations with the Joint National Public Service Negotiating Council achieved the desired results within the next three months.
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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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