Business
NLC Carpets FG Over Harsh Policies
The Nigeria Labour
Congress (NLC) has decried Federal Government’s policies causing severe hardship to Nigerians.
A statement on Wednesday, signed by the President of NLC, Comrade Ayuba Wabba said that the congress observed that the Federal Government has chosen to pursue policies that were having negative impact on ordinary Nigerians.
Wabba said that it was regrettable that government chose to pursue such policies as increasing Value Added Tax, raise the pump price of petroleum products, devalue the naira and other policies that will punish the poor and exacerbate the hardship and miseries of indigent households.
He said that the congress was ever ready to support government policies geared towards improving the living standards of lives of ordinary Nigerians and the workers.
The NLC boss said that the global trend these days was giving the working class an opportunity to re-state an effective and genuine ways of tackling poverty inequality want, deprivation and misery.
He bemoaned the continuous sales of public utilities by the federal government, adding that the congress called on the federal government to scale-down, halt and reverse where possible, the decision to privatise public services.
He emphasised that the state remained the driver of the commanding heights of the nation’s economy and the provider of jobs and services.
He said congress argued that aggressive privatisation should not be an excuse for failing to stem Illicit Financial Flow (IFF) from Nigeria in particular and Africa in general.
The NLC President said that the case for serious, aggressive, brave and sustainable inward looking cannot be more urgent now that the country is confronted by near unprecedented economic challenges to the extent that the performance of basic and fundamental state duties such as payment of salaries and pension as when due is under real threat.
He further reiterated that the need for action was underscored by the increasing poverty and social discontent in the land, stressing that rather than the federal government to commit the same zeal and attention to dealing with crimes perpetrators, it amused that the congress the government zeal for sales of public utilities and policies have negative impact on the lives of the people.
The labour leader stressed that Nigeria must stand up as a strong and resolute voice in Africa towards the struggle to stop criminal acts.
He urged the leadership of the country to use tax revenues being generated to finance social services delivery and not to continue to privatise public services to the detriment and exclusion of the poor and needy in the country.
Philip Okparaji
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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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