Business
MTN Donates 25 Patrol Vans To LASG
Chief Executive Officer
(CEO), MTN Nigeria, Mr Michael Ikpoki, said last Monday that the company would continue to support the Lagos State Government in providing security to its citizenry.
Ikpoki said this while presenting 25 Hilux Patrol Vans to the state at the government secretariat, Alausa, Ikeja.
He said that the gesture was part of the company’s corporate social responsibility (CSR) to support security and development in the state.
Tide reports that the donation was made through the Lagos State Security Trust Fund (LSSTF), established by the state government to seek alternative, private sector funding for police operations.
“We have been part of the Lagos State Security Trust Fund, we have consistently contributed to it and what we are donating today is in line with our continued support for the fund.
“We recognise that development can only be achieved in an atmosphere of peace; and I just want to assure the state government on behalf on MTN that we will continue to support you in that regard, “ he said.
Ikpoki said the state was MTN‘s key partner, noting that the company had also supported government in other sectors, including education and sports.
He said that the company would strive to strengthen the existing mutually-beneficial relationship and commended the government for providing the right operating environment.
n his response, Gov. Raji Fashola commended the company for the donation, saying that it would go a long way in helping to promote the security of lives and property in the state.
Fashola said that investing in security was sensible, and pledged that government would continue to do its best to keep the state and its residents safe.
The governor said the LSSTF was one of the strategies by the state government to adequately respond to security threats, through the provision of equipment and other capabilities to security agencies.
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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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