Business
Housing: Expert Seeks Eco-Friendly Practices
Mr Taiwo Adewole, an environmentalist, recently called on operators in the construction industry to adopt eco-friendly practices and materials in housing construction.
He told our correspondent in Lagos that this would reduce the negative impact of human activities on the environment.
“There is urgent need to address the challenges like climate change, resource depletion, pollution, and peak oil before we reach a point of irreversible damage to our life supporting systems.
“These issues are all accelerating rapidly and all have strong links with the building industry,’’ he said.
Adewole said that human activities were responsible for significant amount of air, soil and water pollution as well as millions of tonnes of solid wastes.
“With the declining fossil fuels and the threat of global climate change, reducing our energy consumption is an essential survival strategy by choosing to build green to save energy,’’ he said.
According to Adewole, eco-friendly methods can further reduce energy consumption by minimising energy required for heating, cooling, and lighting.
“Saving energy for the occupant also saves money.
“This is an issue that will become increasingly important as the cost of fossil fuels rises in the near future,’’ he said.
Adewole said that there were good reasons why Nigerians should use eco-friendly construction methods and materials as they could improve the health of our planet and the human health.
“It also supports local business and helps strengthen the local economy, which in turn helps to build our communities into vibrant, prosperous and desirable places to live,’’ he said.
The environmentalist said the government should recognise the urgency of going green by integrating green specifications into building regulations and codes.
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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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