Business
RSESA Warns Commercial Drivers Over Waste Baskets
Commercial drivers operating in the state have been directed to purchase their waste baskets or face the full wrath of the sanitation laws.
The spokesman of the Rivers State Environmental Sanitation Authority, Mr Olalekan Ige, who gave the warning following a protest by some taxi and bus drivers over an alleged harassment by men of the Authority in Port Harcourt recently said the move was aimed at keeping the city clean.
Mr Ige said the protest by the commercial drivers was uncalled for, as they were meant to purchase the waste baskets every year.
He said those who bought theirs last year and they were still in good condition would have the baskets renewed and given stickers to show their renewal for the year 2012.
Anything other than that, the spokesman said, would attract the wrath of the Sanitation Authority in the state.
According to him, defaulters would be taken to sanitation court and if found quilty would be sentenced to six months or pay a fine of N50,000 or both.
He therefore directed that those paying above N10,000 should pay to any of the banks directly on e-payment while those paying less are to use scratch card.
Corlins Walter
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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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