Monday, May 17African Business News
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Tag: Gbenga Ekundayo

TUC seeks policies to reduce inflation, encourage investment at post COVID-19

TUC seeks policies to reduce inflation, encourage investment at post COVID-19

Appointments
The Trade Union Congress of Nigeria (TUC), Lagos State Council, has canvassed for a fiscal and monetary policies direction during and post COVID-19 that would reduce inflation, shore up exchange rate and encourage investment.  Noting that the growth of any economy is determined by the fiscal and monetary policies put in place by the government, the Council also urged that while tax reform should be initiated, interest rate should stand at a single digit.  The Lagos State Council Chairman of TUC, Gbenga Ekundayo, during its message at the May Day celebration recently, urged the Federal Government to diversify the economy, encourage local production of goods and services in order to depend less on crude oil as a major foreign exchange earner.   The labour union ...
Workers seek tax relief, suspension on loan deductions

Workers seek tax relief, suspension on loan deductions

Appointments
Workers in Lagos State have called on Governor Babajide Sanwo-Olu to consider workers at this critical time of lockdown by suspending all loan deductions and give some tax relief to workers. They also urged that he grants and facilitates interest free loans during the period with friendly repayment methods. Workers under the state’s council Trade Union Congress of Nigeria (TUC), noted that the measures became necessary following the sharp increase in dependents’ requests for support. The state council’s chairman, Gbenga Ekundayo and the Secretary, Aladetan Abiodun, urged the government on the need for proper identification, co-ordination and distribution of palliatives to the vulnerable citizens, whose source of livelihood have been disrupted by the lockdown. “It is indeed worrisome...