Business
Don Advocates Living Wage For Nigerian Workers
Against the backdrop of agitation by the organised labour for the payment of the new minimum wage in the country, a Professor of Political Science at the Ignatius Ajuru University of Education (IAEU), Alafuro Epelle, has called for the implementation of a living wage for Nigerian workers.
Prof Epelle made this call while delivering the 24th inaugural lecture of the university, last Thursday titled, “Between Father, Son And Ghost Who is Accentuating the Payment of Wages of Sin to Nigerian Workers?”
He noted that the current wages of workers in the country encourage corruption, starvation and frustration.
According to him, “the average Nigerian worker is more frustrated, depressed and liable to commit suicide.”
The university teacher insisted that the current wage of workers in the country cannot sustain families and urged government to implement a living wage for workers.
He blamed the situation on deliberate policy by government to balkanise labour, coupled with the fact that most labour leaders have compromised their legitimate duties to workers.
He called on the labour leaders to educate and raise the consciousness of Nigerian workers and also play a role in policy formation in the country.
The Vice Chancellor of the university, Prof. Mekuri Ndimele, in his remarks, lauded Prof. Epelle for his propositions, and counselled on the need to revamp the economy.
Ndimele regretted that the Naira was losing its purchasing power due to inflation and poor renumeration of workers in the country.
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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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