Business
ICPC Supports FHA’s Anti-Corruption Moves
The Independent Corrupt
Practices and other Related Offences Commission (ICPC), has thrown its weight behind newly introduced measures by the Federal Housing Authority (FHA) to simplify its procedures meant to block leakages that often result in corruption in its operations.
In a statement made available to The Tide, the Chairman of the anti-corruption commission, Mr. Ekpo Nta, explained that the measures to be taken include establishment of a Central Land and Property Registry (CLPR), which he said was being upgraded to the FHA Geographic Information System (PHAGIS), creation of a project monitoring and evaluation unit and the establishment of a one-stop shop in which most of the procedures will be approved.
According to the document, Nta gave the commission’s support when a delegation of FHA, led by its Managing Director, Prof Mohammed Al-Amin, paid the anti-corruption boss a visit in his office.
Nta, who was delighted that the FHA has taken the initiative to become a model agency in the anti-corruption crusade among other agencies that talk about anti-corruption, and yet do nothing to combat it, said the commission would throw its full weight behind FHA to achieve its goals.
He assured the FHA that as soon as the anti-corruption commission receives the details of the measures, they will publish it on the commission’s website to showcase FHA s a leading light in the fight against corruption.
The MD, FHA, in his speech, noted that the monetisation policy adopted by government had created challenges for new staff and those whose status improved as a result of promotion, lack of befitting accommodation adding that the FHA has designed a special housing delivery model, which will encourage workers, to acquire land in their preferred location.
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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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