Business
Anti-Graft War: Institute Demands Due Process
The Institute of Char
tered Secretaries and Administrators of Nigeria (ICSAN) says it would back the Federal Government’s anti-corruption war if due process is being followed.
National President of the institute, Dr Nat Ofo, who said this during the inauguration of the Rivers State Chapter of the institute in Port Harcourt said that the fight against corruption must be based on the rule of law.
Ofo who was represented by Chief Clifford Allen Opungiaku described the institute as one of the most important in the country in view of its strategic position in the overall economy of Nigeria.
He also stressed the need for members of the institute to ensure that their integrity remains their watchword in the discharge of their duties.
In a paper entitled, “The Role of Chartered Secretaries and Administrators in A Changing National Economy”, the newly inducted chairman of the Rivers State branch of the Institute, Dr Silva Opusunju, said that the branch which comprises Bayelsa, Imo and Abia States will liaise with the National Secretariat to realize its objectives. Some of the objectives according to him include, increasing the student base of the institute by promoting its professional qualification to the Nigerian Bar Association, universities, as well as public and private sector companies in its catchment areas.
Others include, promotion of the institute to the Rivers state Government, Ministries and parastatal earn revenue for the chapter through training of personnel’s in public and private services as well as linking up its students and members to job opportunities in the state.
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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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