Business
Fire Service Saves 167 Lives, N123m Property
Kano State Fire Service says it saved 167 lives and goods worth N123 million from 75 fire outbreaks in April.
Fielding questions from newsmen recently in Kano, the Director, State Fire Service, Alhaji Mustapha Rilwan, said property worth N52.8 million were also destroyed during the incidents.
“We received 101 rescue calls and 17 false alarms from the public,” he said.
Rilwan, however, regretted that 15 lives were lost during the incidents.
He advised the general public, especially youths, against swimming in the open water to avoid drowning
He also advised tricycle operators to be careful when driving to avoid road accident.
The Tide source reports that part of Kurmi Market, one of the major markets in Kano, was recently razed.
The market, located at the heart of the city, is one of the oldest in the country.
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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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