Business
Reactions Trail Proposed Restriction On Building Plan
Reactions have followed the recent pronouncement by the Rivers State government that it is initiating a bill that would be passed into law at the State House of Assembly which would restrict local governments from giving approvals for building plans.
Some stakeholders who spoke to The Tide on the development said that such proposed law would be a welcome development, as it would address the excesses of the local governments, while some view it as a means of denying the councils of their revenue sources.
Speaking to The Tide on the issue, a property developer in Port Harcourt, ThankGod Amadi said the activities of some local government councils, particularly those closer to Port Harcourt had gone beyond approval of building plan to mere extortion.
He said that a lot of confusion and irregularities had dominated the system to the extent that there is no uniformity, and that touts claiming to be representing councils now go to sites and charge whatever fee they like with force, adding that the situation calls for a change.
On his part, an estate surveyor and valuer, Mr. Smith Egbor said that many local government councils had abused the system to the extent that touts have taken over the process, and all they are after is the money they will make.
He said that a lot of them that claim to be agents of councils now go from site to site on a daily basis, looking out for where development is taking place with the intention to extort money from developers by force, pointing out that such monies are not accounted for.
Meanwhile, a revenue contractor with the Obio/Akpor council who spoke to The Tide in a chat on the condition of anonymity said that he is not deterred by the moves of the state government to take over the plans approval.
He said that such moves would deprive the councils of their good source of revenue, adding that at the end of the day, it will turn out to be a constitutional matter, and that the state government can not deprive the councils of their revenue sources.
It would be recalled that the commissioner for Urban Development, Dr. T.W. Danagogo recently said that his ministry was establishing a one-stop building plan approval office to ensure proper scrutiny of all building plans.
He also stated that a new legislation to restrict councils from plan approval would be forwarded to the House of Assembly. The legislation, he said would empower only Greater Port Harcourt Authority and his ministry to give approval, so as to ensure that standards were maintained.
Corlins Walter
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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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