Business
Atiku’ ll Not Challenge Jonathan In Court- Aide
It is now known that former Vice President and the defeated presidential aspirant to the Peoples Democratic Party (PDP), Atiku Abubakar will not challenge the outcome of the party primaries in court after all.
Penultimate Thursday, President Goodluck Jonathan floored Atiku at the primaries to clinch the PDP presidential ticket for the April general polls
Atiku’s polling agents were reported to have refused to sign off on the result, raising fears of a legal battle or split in the party.
Prominent Northern politicians within the party who are opposed to Jonathan, including ex-military ruler Ibrahim Badamosi Babangida (IBB) and former National Security Adviser, Aliyu Gusau, met Abubakar on Sunday to discuss their next move.
“Atiku met with IBB and Gusau and they decided not to challenge Jonathan’s emergence as the presidential candidate in court,” Abubakar’s campaign spokesman Garba Shehu said.
Meanwhile, Former Vice-President Atiku Abubakar’s camp may join President Goodluck Jonathan campaign team ahead of the April general election.
The move to merge Atiku’s team with Jonathan’s campaign team was initiated by President Jonathan, in conjunction with the PDP hierarchy and some governors.
Jonathan has reached out to Atiku with a proposal to unify their forces.
Sources in the party headquarters in Abuja confirmed that a unified campaign team and other election matters had been discussed by a caucus and other organs of the party.
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Business
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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