Business
Ex-DVC Urges COREN To Flush Out Quacks
A former Deputy Vice
Chancellor of the Rivers State University of Science and Technology (RSUST), Nkpolu, Port Harcourt, Professor Howell Hart, has called on the Council for the Regulation of Engineering in Nigeria (COREN) to immediately sanction or flush out fake and outdated engineers from the system.
Hart, who was a former Chairman, Nigerian Society of Engineers, Port Harcourt branch, made the call during a meeting of the Nigeria Society of Engineers, (NSE) Port Harcourt branch, held in Port Harcourt, recently.
He said the Professional Engineering Association (PEA) must live up to their expectation for the enhancement of professionalism in the engineering sector.
According to him what obtains now is a far cry from what is expected, adding that COREN should restructure itself and remove all encumbrances and bottlenecks that make it ineffective and inefficienet in carrying out its regulatory functions.
The University Don lamented that lack of creativity is on the increase in the sector, and that the unwillingness by some engineers to improve in their knowledge is also one of the challenges and called on them to update their knowledge to fit-in into the prevailing times.
“Engineers should always update their knowledge, review their licenses so as not to pose a danger in the society”, Hart said, and further called on them to uphold the ethics and codes of professional practices since anything short of that would meet stiff resistance and immediate sanction.
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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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