Business
PHCN Blames Power Failure On Transformers, Lines
The Auchi Business District of Power Holding Company of Nigeria (PHCN) has attributed the rationalisation of power in the area to lack of sufficient transformers and capacity.
Senior Manager, Distribution of the District, Mr Abdulkaniu Umaru, told newsmen that the energy supply to the district was far less than its requirement.
Umaru said that if transformers and transmitting lines were available, the power situation in the area would improve.
“We currently get about 20MW from the requirement of about 70MW, but we are still not able to transmit what we get because of these problems.
“We need transformers and also need to increase our lines for better stability,” he said. Umaru, however, said that power supply in the area was fair. “It is in tandem with what we have at the national level,” he added.
On electricity bill, Umaru challenged consumers in the area to assist the utility company by making prompt and regular payment of their bills.
He noted that what consumers currently owed the company was on the high side, adding that this had posed a great challenge to its operations.
According to him, the military accounts for greater percentage of what is being owed the company in the area. Umaru said that the PHCN was doing its best to satisfy consumers in the area.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
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.
-
News3 days agoDon Lauds RSG, NECA On Job Fair
-
Niger Delta2 days agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Sports2 days agoSimba open Nwabali talks
-
Nation2 days agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Niger Delta2 days ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta2 days ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Oil & Energy2 days agoNUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership
-
Rivers2 days ago
Fubara Restates Continued Support For NYSC In Rivers
