NLC protests Tinubu’s N500bn subsidy palliative, demands 300% pay rise

NLC protests Tinubu’s N500bn subsidy palliative, demands 300% pay rise

•Reps sit on N500bn subsidy relief request today, FG, Labour for fresh negotiations •N500bn not enough for 125 million poor Nigerians affected by deregulation – NLC, TUC The Nigeria Labour Congress and the Trade Union Congress have thumbed down the N500bn palliative proposed by President Bola Tinubu, stating that it is grossly inadequate to assuage the hardships confronting workers sequel to the fuel subsidy removal. They are demanding a 300 […]

July 13, 2023 33

BUSINESS

Traders, mechanics pay N167bn, decry multiple taxation

Nigerians engaged in wholesale and retail trade and repair of motor vehicles and motorcycles paid a total tax of N167.45bn between the first quarter of 2022 and Q1 2023, according to findings. The total tax was raised from Value Added Tax and Company Income Tax. According to the Federal Inland Revenue Service, CIT is a 30 per cent tax imposed on the profit of companies and VAT is a 7.5 […]

July 10, 2023 129

NEWS

Ministerial appointment: N’Assembly awaits nominees as Tinubu sends list to DSS, EFCC, others

Expectations on the ministerial list have heightened as President Bola Tinubu clocks over 40 days in office. By law, Tinubu is required to name his cabinet within 60 days after taking the oath of office on May 29 and transmits it to the Senate for confirmation. With less than 18 days to submit his cabinet list to the National Assembly as recommended by the constitution, lawmakers and other Nigerians are […]

July 10, 2023 35

BUSINESS

Subsidy: Shettima, govs to work on palliatives

As Nigerians grapple with the aftershocks of the fuel subsidy removal, President Bola Tinubu has directed the National Economic Council to come up with inputs on palliatives and the minimum wage review as part of measures to cushion the pain of subsidy removal. This was as the Trade Union Congress said it was expecting the Federal Government to provide feedback on its demand for N200,000 minimum wage by June 19. […]

June 8, 2023 121

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