Noah Ebije, Kaduna Governor Nasir el-Rufai of Kaduna State, on Wednesday, presented over N155 billion budget estimate for 2019 fiscal year. Tagged 2019 Budget of Continuity, its shows estimates of revenues and expenditure, which the governor presented before the Kaduna State House of Assembly. According to El-Rufai, “the 2019-2021 multi-year budget is hinged on the…
Organised Labour, yesterday, warned that over 20,000 jobs may be lost due to the increase in the excise duty on alcoholic beverages and tobacco announced by the Federal Government on Sunday.
National President of the National Union of Food Beverage and Tobacco Employees (NUFBTE), Lateef Oyelekan, said employers in the industry have notified the union they may have to downsize as the new tariff would impact on the cost of production.
Recall that the Minister of Finance, Mrs. Kemi Adeosun, during the announcement on Sunday, had stated that the new excise duty rates were spread over a three-year period from 2018 to 2020 in order to moderate the impact on prices of the affected products.
But the NUFBTE President said with the new tariff, consumers would have to pay more for cigarettes, alcoholic beverages, which cut across beer and stout, wines and spirits.
He noted that the union has subsequently written the Minister of Labour and Employment, Senator Chris Ngige, on the implications of the new tariff, which may further exacerbate the problem of unemployment in the country.
“This new policy of the government will increase the cost of production and if that happens, the employers would have to look for a way of cutting cost, and workers are always the first option,” he said.
Oyelekan said more than 20,000 workers are presently employed in the alcoholic sector and half of this may lose their jobs, the same applies to the tobacco sector.
The NUFBTE President said the new tariff would not make Nigerian companies competitive with their counterparts outside the country but would further encourage importation instead of local production.
He said, “the British American Tobacco (BAT) has just decided to make Nigeria its African headquarters where all its products for other African countries would be produced, but this may make the company to relocate to any other African country with much more favourable policy.
“We can recall that Dunlop, Mitchellin relocated to Ghana due to unfavourable policy and now produce there and still bring the products to Nigeria because this is where the market is. That means Nigeria is providing employment for foreigners while our people walk on the streets daily looking for jobs. It is sad!”
Oyelekan said what the union expected from the government was for it to look for ways to create jobs for Nigerians and maintain the existing ones with the high insecurity in the land.
He also stated that the drive towards foreign direct investment would be impacted negatively as no investor would like to invest in an economy with low return on investment.
“Our employers have already notified us that it would lead to shut down of some of their companies. What government should be doing is to come up with policy that will discourage employers from downsizing, but before they can do that, tariff has to be reasonable,” he said.
— 16th August 2018
Rose Ejembi, Makurdi The Benue State Government has lamented the continuous persecution of Governor Samuel Ortom and members of his administration by the Economic and Financial Crimes Commission (EFCC). Chief Press Secretary to the governor, Terver Akase, accused the EFCC of not relenting in inviting officials of the state government to its office, stressing that…
— 16th August 2018
Desmond Mgboh, Kano and Gyang Bere, Jos Two coalition groups from the North have separately expressed their supports for Senate President, Bukola Saraki and All Progressives Congress (APC) National Chairman, Adams Oshiomhole, over the face-off at the National Assembly following defections of lawmakers. The groups – Patriotic Northern Coalition for Justice, Peace & Equity and…
— 16th August 2018
A young Nigerian, Omei Bongos-Ikwue, shone like a thousand stars in Accra Ghana, as she rose above speech impairment to emerge victorious in a keenly contested international speech competition. Bongos – Ikwue, member of the Abuja District of Toastmaster, an affiliate of the Toastmasters International, a worldwide non-profit educational organisation that empowers individuals to become…
— 16th August 2018
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Entertainment— 16th August 2018
The demolition notice posted on the Music House on the orders of the Oyo State Government on Monday gave the owners three days to vacate the building… Oluseye Ojo, Ibadan Oyo State Government, yesterday, explained that its decision to demolish the Music House at Lagos Bypass, Challenge, Ibadan, which houses Fresh FM 105.9 established by the…
South-West Report— 9th August 2018
Obatala, Sango, Osun, Esu and Oya among other deities were celebrated through a reenactment of the life and times of these deities. Wole Balogun, Ado-Ekiti Ido-Ile, a serene community in Efon Local Government Area of Ekiti State, recently came alive with traditional festivals in honour of some deities in Yoruba cosmology. It used to be…
Abuja Metro— 15th August 2018
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Oriental News— 15th August 2018
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Features— 14th August 2018
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Literary Review— 10th August 2018
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Lifeline— 14th August 2018
“The G4G Initiative is a component of the Girls’ Education Project Phase 3 being implemented in northern Nigeria to help support girls to remain in school and improve their learning achievement.” Agaju Madugba, Katsina The United Nations Children’s Fund (UNICEF) has embarked on an innovative strategy to address the issue of low girl-child enrolment and…
Education Review— 14th August 2018
There are possibilities that the Permanent Secretary in the Federal Ministry of Education might also not be available for the next NCE meeting Fred Ezeh, Abuja The 63rd National Council on Education (NCE) ended in Abuja few days ago. The week long event usually commence with officials’ session with expected attendance from Federal and State…
TSWeekend— 10th August 2018
Faze blew up the music industry with hit songs like Cold Sweat, Kolomental, Faze Alone, Originality, Kpo Kpo Di Kpo… to mention but a few. Ayo Alonge One of the members of the defunct Plantashun Boiz, Chibuzor Oji popularly known as Faze, is back on the beat. This is coming after taking a long break…
Opinion— 16th August 2018
Forced or benevolent migrations are all human manageable problems and require human solution as the sun or the moon enable such solutions. Victor C. Ariole After the Second World War the suffering in Europe orchestrated migration to Australia and it was highly selective and it was not different from the current seemingly malevolent migration seen…
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