Business
FCT To Relocate Dutse Market, Soon
The Head of Environmental Department in Bwari Area Council Mr Labaran Haruna, said that Dutse market would be relocated soon by the FCT Administration to ease traffic flow.
Haruna said in Bwari on Thursday in an interview.
He said that the relocation was necessary because of the traffic jam at the Dutse Alhaji first gate that often hindered movements of Kubwa and Bwari residents.
He said that traders who displayed their wares by the side of the road often occupied the space meant for vehicles, thereby causing traffic jam in the area.
Haruna appealed to residents for patience as the FCT administration would soon carry out the relocation exercise.
He called on owners of undeveloped plots of lands in the council to either lay a foundation on their plots or build a fence around them immediately.
He said that the council would soon revoke ownerships of abandoned plots of land that had been turned to refuse dump sites.
Haruna said that the revocation was ordered by the FCT Minister of State to ensure good sanitation practice.
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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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