Business
Gov Launches 42km Road Project
Governor Isa Yuguda of Bauchi State last Thursday launched the construction of the 42-kilometre rural road connecting Burga to Kundak and Dull in Tafawa Balewa Local Government Area of the State.
Yuguda said in Burga that investing in rural road network was part of his administration’s efforts to improve the living standard of the rural communities.
He said that lack of access road in such communities was seriously affecting the socio-economic development of the rural dwellers.
“The road, when completed, will enable the rural dwellers to transport their agricultural produce and mineral resources.
“It will also enable them to easily access health care centres for medical services, especially pregnant women,” he said.
The governor assured the rural dwellers of his administration’s commitment to education, health and agriculture, to improve their living standard.
The State’s Commissioner for Rural Development, Alhaji Bukata Bayero, said that the contract for the project was awarded to A. A Ashafa Construction Ltd. at N42 billion.
He said that the project was expected to be completed within 18 months.
The Chairman, Caretaker Committee of the Tafawa Balewa Local Government, Alhaji Iliyasu Gital, thanked the state government for its development projects in the area.
According to him, the project will transform the community’s economic activities.
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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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