Business
Electcicity Firm To Sack Fraudulent, Indolent Workers
The Managing Direc
tor, Kaduna Electricity Distribution Company ( KEDC), Mr Garba Haruna, on Wednesday threatened to sack any fraudulent and indolent member of staff of the company.
Haruna gave the warning in Sokoto at the closing ceremony of a three-day induction course for 1,000 newly-recruited workers of the company from Sokoto , Kebbi and Zamfara States.
The managing director said the firm would sack any worker who failed to meet set targets for three consecutive quarters, or engaged in extortion, illegal connections, connivance and misappropriation.
“In all, we have recently recruited no fewer than 3,000 new workers from Kaduna, Sokoto, Kebbi and Zamfara states, including you and at various cadres.
“This is part of the transformation strategies of the firm and in the bid to shore up our power supply capabilities.
“Anything short of 120 per cent commitment and above would not be condoned, just like we have lined up incentives to reward honesty, hard work and dedication,” he added.
Haruna restated the commitment of the company to provide efficient and steady power supply to its customers.
“Our target is to make sure that the customers have value for their money, with a view to getting adequate power supply and mop up poverty from the four states, as well as Nigeria in general.”
Also speaking, the Chairman of the Board of Directors of the firm, Mr Yusuf Hamisu said that the training was to bring about efficiency and reduce operational losses.
Hamisu expressed dismay that the company was only getting between 100 to 200 megawatts for the four states, as against the 600 to 700 megawatts it required daily.
He said that the firm was exploring other energy sources including partnership with Sokoto State Government on its independent power project and tapping energy from wind and solar.
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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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