Business
Expert UrgesAccurate Data On Housing
The Executive Secretary, Lagos Chapter of Nigerian Institute of Building, Mr Fadil Elegbede, on Thursday said that Nigeria needed accurate information to solve its housing problems..
Elegbede told newsmen in Lagos that adequate data would enable the government know the number of people living in available houses.
“The data will reveal the number of old and new houses; the number that needed to be demolished and the number that require renovation.
“The data should capture the dependant and the independent class, the needy, the working class, the number of people with and without accommodation, among others,” he said.
Elegbede said that at no time had the population census provided such information, adding that past census exercises only revealed the number of persons in the country.
According to him, there is no data on housing of this kind that the government can work with.
“For instance, knowing the number of people in schools, the government will in the next five years know the number of students the will graduate, get work and that will be looking for accommodation.
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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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