Business
Minister Urges Regulation For Mining Operations
The Minister of Mines and Steel Development, Mr Musa Sada, has advocated for the regulation of quarry and mining operations in Abuja.
Sada made the call in Abuja last Wednesday while inaugurating an Inter-ministerial Technical Committee for the Regulation of Quarry and Mining activities in the FCT.
He urged the committee to draw up a working platform for his ministry and the FCT administration toward the development of the mining sector.
Sada urged the committee to ensure that a healthy regulation was worked out for quarry and mining operations in the territory.
“The current situation where quarry operations are encroaching into residential areas with a lot of them located in planned districts is unacceptable.’’
The Director-General of the Mining Cadastre Office, Mr Mohammed Amate, is the chairman of the committee, while the Director, Mines and Environmental Compliance, Mr Umar Hassan, would serve as its secretary.
Other include: the Director, Abuja Geographical Information System AGIS), Dr Isa Waziri, the Director, Development Control, FCT Administration, Alhaji Yahaya Yusuf and the Director, Mines Inspectorate of the Ministry, Mr Idris Umar.
He said the committee had four weeks to submit its report and recommendations.
Responding, Amate assured that the members would justify the confidence reposed on them.
He said that the members would discharge their assignment with the highest degree of professionalism and turn in their report within the stipulated time.
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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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