Business
CJ Canvasses Financial Autonomy For Judiciary
Justice Cronwell Idahosa, the Chief Judge of Edo, has called for the implementation of Section 121, subsection three of the 1999 Constitution, which provides for financial autonomy of the judiciary.
Idahosa made the call in a presentation at a ceremony to mark the opening of the 2010 and 2011 legal year of the state.
The section states that “any amount standing to the credit of the judiciary in the Consolidated Revenue Fund of the state, shall be paid directly to the heads of the courts concerned’’.
Idahosa said the constitutional provision “ gives legal basis for the independence or autonomy of the judiciary in financial matters,’’ and urged Gov. Adams Oshiomhole to implement it.
“As at now for all capital development, the executive holds the purse strings, but once in a long while, the judiciary is lucky to have a governor, who genuinely believes in the development of the judiciary,’’ he said.
The chief judge said that there was no alternative to implementing the constitutional provision, and asked, “what will happen when a Pharaoh, who does not know Joseph comes to power?
He argued that if the state implemented the provision, it would be a legacy that “shall last till the end of time, and also help to build a strong and virile judiciary as an institution’’.
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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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