Business
Oil Firm Commits To Assisting Less Privileged Persons
The Nigerian Agip Oil
Company (NAOC) has re-affirmed its commitment to identify with less privileged persons in the state.
The NAOC Assistant Manager, Government Liaison, Mrs Grace Okpoyo, who made the assertion Friday while handing over items worth, thousands of naira to the Rivers State Commissioner of Social Welfare and Rehabilitation, Hon. Damiete Herbert Miller, said the items will cushion the harsh economic conditions of Home for the Elderly, persons with disability and Rehabilitation Centre in the state.
She said in spite of the oil glut, NAOC and its joint venture partners would continue to live up to the tenet of its corporate social responsibility (CSR).
According to her, the items donated include 35 wheel chairs, 25 crutches, 10 packets of tissue paper, 45 bags of rice (50kg), 20 cartons of frozen chicken, 22 blankets, 30 bed sheets, 20 hand crutches, 38 bottles of vegetable oil (3 litres) and 19 cartons of milk.
In his Speech while receiving the items, the state commissioner lauded the magnanimity of Agip for complementing the efforts of the state government towards improving the standard of living of inmates of the respective homes and centre.
He solicited for Agip’s support and partnership with the state government to enhance the living condition of the centers, specially shelter, deplorable infrastructure, environment and the general wellbeing of the respective centres.
The commissioner assured distribution of the items to the respective homes as well as make presentation in this regard to the Rivers State Governor, while urging other corporate bodies to emulate NAOC’s gesture.
The Principal of Rehabilitation Centre, Iriebe in Obio/Akpor lLocal Government Area, Assor Livinus, thanked NAOC for contributing towards the uplift of the less previlleged in the state, noting that government cannot carry the burden of rehabilitation alone.
On behalf of the beneficiaries, Mr. Kie Obomanu gave kudos to Agip for setting an exemplary pace worthy of emulation, urging them not to relent in their efforts towards enhancing the lives of the less previlleged in the state.
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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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