Business
Commissioner Lists Gains Of Road Project
The Rivers State Com
missioner for Works Bathuel Harrison, has expressed optimism that the on-going Bori-Sakpenwa road project in the state would create more employment opportunities to communities in the area.
Harrison who stated this recently while inspecting some roads projects in the state explained that chiefs in the area would be consulted for job opportunities when available.
He explained that materials for the job are already being brought to the site, even as he expressed happiness with the pace of work by the company handling the project.
Harrison disclosed that the road project was just flagged-off barely four weeks ago.
According to him, the government would see to the challenge of compensation to those that the road construction may likely affect their property.
“Hopefully, in the next one week, we should see to that so that the valuers would come to evaluate the property and the contractors would clear up”, he said.
The works boss stated that the government plans to clear the issues of employment iaising with chiefs in the area.
“We just have to clear with the issues of employment which we have taken some steps. “We will meet with the chiefs and through the chiefs, there will be an equal spread of job opportunities for the affected communities”, he said.
However, some of the affected properly owners who spoke to The Tide during a visit to the area by our correspondent expressed the fear that no amount of money paid to them by the government would be enough to relocate them to build new houses.
However, others have called for cooperation between the government and those affected property owners.
They say whatever the government gives out should be complemented by those affected for the overall interest of the project.
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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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