Business
Electricity: KELGA, OBALGA Residents Decry Poor Supply, High Bills
Electricity users in parts of
the State have called on the Federal Government to revisit the privitisation of the power sector as the people are yet to benefit from the system.
Some residents who spoke with The Tide Wednesday around Ikwerre Local Government (KELGA) and Obio/Akpor (OBALGA) said that the days of Power Holding Company of Nigeria (PHCN) were better because people were already used to their nature of operation then.
According to them, the hand over of the power sector to private firms has not led to any improvement.
A frozen food seller who gave her name as Victoria Anokuru, said she is planning to relocate her business outside Rivers State as to enable her meet up with her family’s demands.
She noted that the current system of power supply in Ikwerre local government, especially Igwuruta axis was aapaulling, saying that something urgent ought to be done.
Anokuru, recounted with pains how she has continuously suffered losses in business due to poor power supply.
Another respondent whi is popularly known as “cutting master,” said that nothing much is happening in the barbing business any more, saying that he was fed up with the purchase of petrol (PMS) to power his generating set.
According to him, the daily purchase of petrol and high tenant fee was suffocating and could lead to business failure.
Others, lamented how the staff of the Port Harcourt Electricity Distribution Company (PHEDC) kept sending exorbitant bills at the end of every month.
The most painful they said was the issue of sending different bills each month, wondering what the regulatory bodies in-charge of the power sector are doing.
Meanwhile a staff of the Igwuruta service unit of PHEDC, who pleaded anonymity, said that the company is planning seriously to ensure that consumers get the best of their services.
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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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