Business
PHED Vows To Tackle Energy Theft
The Port Harcourt Elec
tricity Distribution Company (PHEDC) has continued its moves at ensuring that those caught in energy theft face full wrath of the law.
This was in relation to the five suspected persons arrested by the firm in connection with illegal connections of power in their areas.
According to the assistant manager, Corporate Communication of PHEDC, Mr. John Onyi, the five suspects who reside at 77 Ikwerre Road and 59 School Road, Okujagu in Trans-Amadi, Port Harcourt, were caught by-passing metres and were also involved in illegal connection of power.
Onyi said that one of the suspects who claimed to be a staff of PHEDC was also arrested for collecting money from customers on behalf of the company.
He therefore, urged the public to desist from paying electricity bills to officials of the company at their residence, rather they should approach the designated offices of the firm across the state.
He, restated the company’s commitment in ridding PHEDC of criminals who claim to be its staffs.
Chikwere Uzoigwe
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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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