Business
RSHA Moves To Resolve Oil Firm, Community’s Dispute
The House Committee on Public complaints and Petitions of the Rivers State House of Assembly (RSHA), has expressed displeasure over the failure of the management of the Niger Delta Petroleum Resouces Limited (NDPR), operating in Ahoada East Local Government to honour a meeting with the committee.
Chairman of the Committee, Evans Bipi, in a chat with newsmen at the assembly complex, Thursday in Port Harcourt stated that the meeting had been scheduled to resolve a dispute between NDPR and its three host communities in Ahoada East LGA.
Bipi said the community had laid a complaint against NDPR over neglect by the company and expressed worry that the company will choose not to attend a meeting of this magnitude, which he stated had been postponed to this Thursday.
He said, “it is so painful that after inviting the communities all the way from Ahoada East only for the company to disappoint, they failure the committee and the communities, based on that we decided to adjourn the sitting to Thursday 15, September , 2016, we are assured that by 15th all documents required from them will be made available to us.
We also request them to furnish the house with any other additional document they have. The same applies to the communities, so that peace and harmony will reign between the communities and the company”.
He warned however, that failure on the part of the company to show up for the meeting will leave the committee no choice than to evoke necessary powers against the management of NDPR.
On his part, the lawmaker representing the LGA in the RSHA, Edison Ehie appealed to members of the three host communities to maintain the peace, while assuring them that the House would ensure that NDPR complies with the Memoranda of Understanding (MoUs) between the parties.
He enjoined the host communities to arm themselves with a postion paper when next they attend the meeting.
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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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