Business
Agency Warns On Sign Posts Erection
The Osun Signage Agency has warned residents against the indiscriminate erection of sign posts and pasting of posters in the state.
The Chief Executive Officer of the agency, Mrs Dupe Gbadebo, gave the warning at a news conference in Osogbo last Tuesday.
Gbadebo said all the sign posts erected without the agency’s approval, as well as old political posters, would be removed by the agency.
She, however, said the agency was not out to witch-hunt any person or organisation but rather to ensure environmental aesthetics, board standardisation and enhanced productivity.
Gbadebo said the activities of the agency were backed by law.
She added that the agency had the right to sanction anyone who erected unauthorised boards or remove such outrightly.
According to her, there is nowhere in the world where people do not pay for signages.
She urged those who erected posters without approval to approach the agency for the required payments and approvals.
Gbadebo warned the general public against making payment to any staff, saying that all payments should be made to the agency’s account.
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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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