Business
Security Agents Gets Handsets Soon – NIA
The Nigerian Insurers Association (NIA) is yet to deploy mobile handsets to law enforcement agents to give them access to the Nigerian Insurance Industry Database.
NIA Corporate Affairs Manager, Mr Davis Iyasere, confirmed this to newsmen in Lagos recently.
He said that the handsets would be presented to the law enforcement agents publicly.
“No phone has been given out. We are looking for convenient date to make public presentation of the mobile handsets to the security agents,” he said.
According to him, the association is working tirelessly to ensure that the presentation is done as it will aid the agents to know the status of any insurance policy at any given time.
The handsets are to enable the law enforcement agents get access to the database using the registration number of a vehicle.
The NIID was launched on June 26 before the exit of Mr Olusola Oladipo-Ajayi as NIA President.
During the launch, the association promised that about 500,000 mobile handsets would be given to law enforcement agents nationwide.
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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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