Business
RSG Institute To Partner On Road Dev
The Rivers State
Commissioner for Works, Hon Victor Giadom has reiterated that his ministry would continue to partner with the Nigerian Institute of Quantity Surveyors on road infrastructural development in the state.
Giadom gave the assurance when members of the institute paid him a courtesy call in his office, recently.
The Works Commissioner said the ministry had already provided a platform for members of the institute to perform their functions during road construction process, saying, “you are important to our construction services in the state.”
He said inspite of the dwindling economy, the state would continue to carry out its responsibilities in all sectors of the economy, including the construction of roads and bridges.
According to him, the pace of construction work in the state is low at the moment due to economic depression ravaging the entire country, adding that the situation had made it difficult for some states to pay salaries, but commended the state Governor Rt Hon Chibuike Rotimi Amaechi for his ability to manage the situation on ground.
Giadom further assured members of the institute that the ministry will always be present in all their programmes.
Earlier, the chairman of NIQS Rivers State chapter, Anitowose Abayomi, appealed to the ministry to always use quantity surveyors in executing their projects as well as participate in all their programmes.
Also speaking, the Vice chairman of the institute, Mr. Edighoman Ewa highlighted their services in the road construction industry, including costing and procurement, and stressed the relevance of these services to the ministry in carrying out their projects.
He thanked the commissioner for his warm reception and assurance, adding that the continued partnership would enable the state execute quality projects of specifications.
Collins Barasimieye
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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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