Business
NFVCB Gets New Acting D-G
The Minister of Information, Mr Labaran Maku, has appointed
Ms Patricia Bala, as the acting Director-General of the National Film and Video
Censors Board (NFVCB).
This is contained in a statement issued by Mr Yunusa Tanko,
the Deputy Director and Head of Corporate Affairs of the board in Abuja.
It said that Maku had appointed Bala, a senior director
in-charge of Verification and Classification, as the acting D-G following the
expiration of the 7-year tenure of the D-G, Mr Emeka Mba.
“The Honourable Minister of Information, Mr Labaran Maku,
has approved the appointment of Ms Patricia Bala as the acting DG of the NFVCB
effective August 7,’’ the statement said.
The statement said that Bala, while reacting to the
appointment, promised to stabilise the movie and video industry and put it on
the part of growth.
She said that she was going to do that through collaboration
with various stakeholders who could engender confidence and help to stabilise
the industry.
She disclosed that the board would immediately embark on
consumer education to ensure that the general public knew their rights.
Bala said that the board would also adopt better ways of
production, buying, selling, renting and exhibition of films in the country.
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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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