Business
NPL Congress Holds Dec
The Congress of the Nigeria Premier League is expected to be held on December 10.
Following the dissolution of
the Victor Baribote-led NPL board by representatives of eighteen Nigeria
Premier League clubs, a six-man interim board committee has been set up by the
club to oversee the running of the League.
The committee is chaired by
Mike Idoko, along five other members who include: Alloy Chukwuemeka, Tony
Ogola, Alhaji Sabo Babayaro, Sule Chindo and Oscar Keke.
The clubs have now shifted the
date of the congress which was scheduled to be held tomorrow at Kano to
December 10.
The
decision is said to have been taken unanimously by representatives of the 18
clubs present there in Abuja. The venue of the congress is still unclear, as
some sources have stated that it will still be held in Kano, while others have
suggested that it may be shifted to Abuja.
In
a related development, Chairman of the interim committee Mike Idoko has urged
the NFF to admit Ocean Boys into the Nigeria National League (NNL) following
their expulsion from the NPL last season. He stated that the club was merely a
scapegoat of the league’s mal-administration last season.
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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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