Business
Jonathan Directs Govs To Empower Transport Operators
President Goodluck Jonathan on Friday directed state governors to empower private transporters to operate intra and inter-state routes to cushion the effect of the fuel subsidy removal.
The Chairman of the Governors Forum, Mr Rotimi Amaechi, who is also the governor of Rivers State, made the disclosure after a closed door meeting between the President and the governors at the State House, late on Friday.
“We looked at mass transit because that is the first area the fuel subsidy has tremendous effect.
“Cost of transportation has sky-rocketed and we are looking at the possibility of ensuring that both the Federal and State Governments get private operators to operate mass transit vehicles.”
Amaechi said the meeting agreed to focus on job and wealth creation through revitalising mechanised agriculture to boost food security in the country.
He noted that the policy of deregulation had come to stay but noted that the government would collectively work to cushion the effects and apply the proceeds in the interest of the people.
“The governors agreed with the President that we are going to carry on with the removal of subsidy.
“We all confirm that yes, there is crises and we observe that people are demonstrating about it, but this is a sacrifice we have to make as a country to ensure that the oil industry is deregulated, so that we can save money for other developments.”
He said the three tiers of government would focus on the agricultural sector to create employment for the teeming population.
Amaechi said that the governors would run an open-door policy in the utilisation of the subsidy fund, in such a way that Nigerians should be able to ask the States and Federal Governments what accrued and how it was used.
The Tide source recalls that the President had summoned the governors to the emergency meeting, to agree on palliative measures on the fuel subsidy removal.
Vice President Namadi Sambo and the Secretary to the Government of the Federation, Sen. Anyim Pius Anyim, and Labour Minister Chukwuemeka Wogu were also present at the meeting.
The meeting which started at about 9 p.m. was attended by the governors of Anambra, Abia, Benue, Kwara, Kogi, Rivers, Edo and Delta.
Govermors of Cross River, Niger, Nasarawa, Ebonyi, Sokoto, Bauchi, Taraba, Enugu, Yobe, Akwa Ibom and Adamawa were also in attendance.
Governors of Oyo, Zamfara, Lagos, Jigawa, Borno and Katsina were represented by their deputies.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
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.
-
Niger Delta4 days agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Sports4 days agoSimba open Nwabali talks
-
Nation4 days agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Niger Delta4 days ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta4 days ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Rivers4 days ago
Fubara Restates Continued Support For NYSC In Rivers
-
Oil & Energy4 days agoNUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership
-
News4 days agoDiocese of Kalabari Set To Commence Kalabari University
