Business
Oyo To Demolish Unapproved Filling Stations
Oyo State Government
said it would pull down filling stations built without approval and illegal structures erected in Government Reserved Area (GRA).
The Commissioner for Lands, Housing and Urban Development, disclosed this while briefing newsmen in Ibadan on the outcome of the State Executive Council Mr Ajiboye Omodewu, meeting.
Omodewu said that the government would no longer tolerate building of houses and filling stations without approved plans.
He stated that areas where the planned demolition would be carried out included Adeoyo and Ring Road in Ibadan.
Omodewu urged members of the public interested in the lands on which the structures would be demolished should visit the ministry to obtain forms for the purchase.
He also stated that government had opened its “Transformation Industrial Park” located on the Lagos-Ibadan Expressway to investors.
According to him, the state is open to investors who wish to do business in the state.
Also speaking, , the Commissioner for Information, Culture and Tourism Mr Toye Arulogun, told newsmen that the government was determined to explore tourism potential abounding in the state to generate revenue.
Arulogun said that government was ready to collaborate with the Brazilian Government and Centre for Black African Arts and Civilization (CBAAC) on the promotion of the state’s cultural heritage.
He said that the ministry would soon hold a summit on culture and tourism, and had mapped out programmes for end-of-year activities.
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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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