Business
FG Tasks River Basin Authorities On Power
Nigeria’s power generation capacity may soon be expanded through a renewed mandate to the nation’s River Basin Development Authorities (RBDAs) to rev-up production of electricity, through their respective facilities across the country.
Already, the Minister of Water Resources, Chief Obadiah Ando, has given directive to the RBDAs, on the issue.
Managing Director of Hadejia-Jama’are River Basin Development Authority, Mr. Sanusi Abdullahi, who told newsmen about the directive in Abuja, on Wednesday, said it was part of efforts to improve on power generation in the country.
The RBDAs also have the mandate to enhance food and power supply across the country.
Abdullahi said that Ando also gave the RBDAs a roadmap to guide the implementation of their mandates and the execution of their projects.
The Managing Director expressed optimism that the roadmap would be implemented to transform the rural areas through power generation to enhance development as well as to create wealth.
He said that the roadmap was a reminder of the mandate of the RBDAs and that it should have been produced long ago.
He said: “But only now, God has given the minister the wisdom and ability to convince Mr. President to actualise this and we are going to actualise it in phases as it were in the document.
“It is not going to be in one go, it’s going to be in phases, but the essential thing there is to provide quality, clean, affordable water for our people, then of course, power, irrigation, livestock development, fisheries and the rest of them.”
Abdullahi, however, called for more support from all the stakeholders to implement the projects fully to achieve food sufficiency among others.
He said that the Basins needed more support from government, adding that if they had more support, they could make farmers to be more productive and be happier.
“If government is able to improve access to resources, this will help us to provide essential input for stakeholders and by so doing, things will be better,” Sanusi said.
The 12 RBDAs, established in 1976 to ensure a nationwide systematic and consistent programme of integrated water resources development and management, were also set up to achieve socio-economic development of the nation through project execution.
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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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