Business
PHCN Manager Urges Customers To Protect Installations
The Business Manager, Power Holding Company of Nigeria (PHCN), Awka Mr Emmanuel Dim, has urged the public to protect PHCN installations in their various areas.
Dim, in an interview with newsmen observed that there was a high rate of vandalism of power installations in the state.
He urged customers of the organisation to watch closely PHCN installations in their locality, stressing that any vandalised sub-station would not have replacements.
He said that the company had recorded very huge losses of its infrastructure to vandals in the past few weeks and warned them to desist or they would face prosecution. if caught.
Dim encouraged its customers to guard all the transformers within their localities jealously and called for the enabling environment for a better service delivery.
He also appealed to indebted customers to clear their bills, noting that a large number of customers were owing.
According to him, customers are owing N120 million, and he advised them not to wait for disconnection before settling their debts.
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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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