Business
Group Urges Govt To Ease Land Purchase Process
The Enugu Coalition of Business and Professional Associations (ECOBPA) has advised Enugu State Government to ease the process of acquiring land Certificate of Occupancy (C of O) to ensure development.
The Co-ordinator of the Coalition, Chief Emeka Okereke, made the call in an interview with newsmen in Enugu on Saturday.
Okereke said that government should streamline the process of acquiring land by collapsing the administrative process into “one-stop shop’’ and institute good internal control mechanism.
“This will eliminate bribery and corrupt practices associated with the process. Genuine local and foreign investors will also see the seriousness in government drive for economic development in the state,’’ he said.
He urged the government to resolve the problem of giving lands that had multiples C of O to different persons.
According to him, the incidences of original owners losing their land under fraudulent circumstances are not a welcome development.
“The application for C of O is fraught with abuses, such as nonchalant attitude by officials to applications.
“This happens to applicants that do not get recommendations from prominent politicians or top-ranking bureaucrats.
“The government should institute a transparent electronic system of processing C of O that does not exceed one month to boost economic activities, and property development for both residential and commercial purpose.
“Government should ensure that private developers who are allocated land acquired from communities or land owners for public interest are protected from the threats of the community members.’’
The co-ordinator said that the measure would decongest Enugu metropolis in terms of housing and infrastructural development.
“This will spur even development and attract investments into the state,’’ Okereke said.
ECOBPA is made up of 32 different business and professional associations.
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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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