Business
Voters Registration: INEC Warns Against Irregularities
As the Independent National Electoral Commission (INEC) secured the extension of the voters registration period by one week, Mr Aniedi Ikoiwak, the Rivers State Resident Electoral Commissioner, has warned that the extension should not be used to perpetrate irregularities.
Mr Ikoiwak who gave the warning in his office last Friday said any person caught for any irregularity would be made to face the music of the law.
The INEC boss noted that those arrested last week at Bonny would soon be charged to court after police investigation, stressing that the legal department of the commission was preparing the case.
He expressed happiness that all the registration centres in the state had overcome the initial hiccups associated with the usage of the machines, noting that the exercise was now moving smoothly in most parts of the state.
“Reports from the rural areas showed that less number of people now turn-in for the
exercise. The urban areas are where the crowd is still much for now’’, Ikoiwak said. .
It would be recalled that an additional 700 Direct Data Capture machines arrived the state last week, while 399 came in to the state before the kick-off of the voters registration exercise
The voters registration was extended for one week (7) days beginning from today.
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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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