Business
Abuja DISCO To Improve Supply To FCT, Others

L-R: Secretary, National Economic Council, Mr Ntufam Ugbo, Supervising Minister of National Planning, Amb. Bashir Yuguda and Minister of Delegate for Development, French Ministry of Foreign Affairs, Mr Pascal Canfin, at the leading Group on Innovative Financing for Development 12th Plenary Session in Abuja last Friday. Photo: NAN
The Abuja Electricity Distribution Company says it has started the implementation of some strategic plans aimed at boosting power supply to Niger, Nasarawa, Kogi and the Federal Capital Territory (FCT).
The company, in a statement issued and circulated among media houses in Lokoja yesterday, said that the objective was to get stable power supply to consumers in its area of coverage within the next few months.
According to the statement issued at the end of a meeting held in Lokoja by members of the company’s Task Team, the company will no longer condone acts of illegality such as unauthorised connection and extensions, tampering with metres and bye-passes.
The statement signed by the Chairman of the Task Team, Alhaji Garba Madani, appealed to government establishments, religious houses, institutions, hospitals and individual consumers to join hand with the company and support the ongoing effort to achieve improved power supply by paying up their outstanding debts.
Madani said that the management of the company would continue to address the issue of crazy bills to the satisfaction of consumers, and that the company was committed to efficient and effective service delivery.
Meanwhile, the Kano Electricity Distribution Company said yesterday, that some disengaged staff of defunct Power Holdings Company of Nigeria (PHCN), were using their Identity Cards to defraud unsuspecting customers in Kano.
“Some recently disengaged staff of Kano Electricity Distribution Company have been using the PHCN staff Identity cards in their possession, to defraud unsuspecting members of the public within Kano metropolis.
The spokesman explained that faults on electricity distribution facilities, were repaired free-of-charge, under routine maintenance services.
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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.
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