Business
Power Outage: DISCO Apologises To Lagos Residents
The management of Eko Electricity Distribution Company (EKEDC) yesterday apologised to its consumers in Victoria Island, Ikoyi, Lekki, and Oniru areas of Lagos over power outage.
The General Manager, Corporate Communications of the company, Mr Godwin Idemudia, spoke in a statement in Lagos.
According to him, the outage was due to the damage done to the
33KVA underground cable by the contractors handling the Lagos State Government beautification project along Kingsway Road, Ikoyi.
Idemudia listed the affected areas as King’s Way Road, Ikoyi, Glover, Banana Road, Park View Estate, Ilabere, Bourdillon Road, Gerald, Queens Drive, Cooper, Maroko Close, Oroke Drive, Okitiebor, Mullina, Club Road, State House, Cameron and Lugard.
He said that the damage also affected Maroko 33KVA Line feeding customers in Oniru area.
“The area are Oniru Resetlement Estate, Market Road, Integrity Estate Walter Cooperation Road, Morinho Drive, Ligali Ayorinde, Femi Sule, Convenant Estate, Shoperite, Aboyade Cole,and Balarabe Musa.
“Others are Etim Iyang, Muri Okunola, and Ajose Adeogun Roads,” the EKEDC spokesman said.
He said that the affected areas had been put on a load shedding schedule as a result of the damaged cable pending its repair.
The general manager, however, assured residents of the affected areas that repair works would be completed by November 17.
He said that the company regretted the inconveniences caused by the prolonged outage.
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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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