Business
Bonga oil Spill: Rights Activist Wants Shell To Compensate Fishermen
A human rights activist, Mrs Elizabeth Egbe, has appealed to the Federal Government to prevail on Shell Petroleum Development Company (SPDC) to compensate fishermen affected by the Bonga oil spill.
Egbe, who made the call in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday said that the company, being an international oil exploration giant, should comply with international best practice and do the right thing.
The Tide recalls that the oil spill which occurred on Dec. 20, 2011, spilling 35,000 barrels of crude oil, affected Akwa Ibom, Bayelsa, Delta, Ondo and Rivers states.
According to her, the fishermen are demanding that SPDC pays them N433 billon as compensation for depriving them of their livelihood.
Egbe, who is also the Chairman, Bayelsa State Chapter of Artisan Fishermen Association of Nigeria (ARFAN), said the company should also proceed to properly clean up the waters and the affected communities.
“Let SPDC pay us what is due so that justice will prevail and when justice prevails, everybody will be happy and the fish we bring on the table will be good and healthy.
“So, we are calling the oil company to do the right thing to avoid problem.’’
The chairman accused Shell and other oil companies of exhibiting a culture of impunity in the Niger Delta, claiming that they had no regard for the lives of the people of the area or the environment.
Egbe expressed fears that the whole existence of fishermen in the region might go into extinction, if the situation was not addressed.
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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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