Business
Ministry Hammers 20 Mining Firms
The Ministry of Mines and Steel Development has sanctioned no fewer than 20 mining companies in 2016 over non-compliance with Nigeria’s laws and regulations.
Mr Salim Salaam, Director, Mines Environmental Compliance Department Mr. Salim Salaam told newsmen in Abuja, Monday.
Salaam said that the infractions ranged from failure to conduct Environmental Impact Assessment (EIA), Community Development Agreement (CDA), Environmental Protection and Rehabilitation Programme (EPRP), first study plan and annual reclamation statement as provided by law
He said that four mining companies were sanctioned in Niger State, eight in Calabar, Cross River, two in Ondo and two in Ibadan, Oyo state.
The director said that some of the affected companies claimed to be new in the industry, while others hinged their inability to comply to the high cost.
“Honestly speaking, the level of mining companies compliance with the ministry’s law and regulation is very low.
“We have started a sensitisation programme across all the zones, educating them on why it is mandatory to adhere to our law to avoid sanctions, “ he said.
The director said the ministry has come up with a new plan to compile list of defaulters, who would be given two months grace to comply before imposing appropriate sanctions.
“Internally, we normally stop violators from operating on sites and they are not allowed to renew their licences.”
Salaam said that the sanctions provided under the law included a fine of up to N20 million and a five year imprisonment.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
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.
-
Niger Delta4 days agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Sports4 days agoSimba open Nwabali talks
-
Nation4 days agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Niger Delta4 days ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta4 days ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Rivers4 days ago
Fubara Restates Continued Support For NYSC In Rivers
-
Oil & Energy4 days agoNUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership
-
News4 days agoDiocese of Kalabari Set To Commence Kalabari University
