Business
Community Raises Alarm Over Crude Pollution
The people of Umuagu community in Akwa town of Etche Local Government Area of Rivers State have raised alarm over huge crude pollution in their river.
Prince Godwin Achonwa, who raised the alarm on behalf of the community, during an interview with The Tide in Port Harcourt, Thursday, said their axis of Imo River has for years been experiencing heavy crude pollution and that all efforts to get the attention of the Shell Petroleum Development Company (SPDC) have not yielded any result.
Achonwa said the pollution has destroyed sea foods and environment adding that the first time SPDC’s intervention was sought, the oil firm said, the oil deposit in the community was yet to mature for exploitation.
“For about three year now, my community has been suffering for this huge crude pollution and all efforts to get SPDC to come to our rescue have failed”, he said, remarking that the ugly situation was because the community does not have an influential person to attract attention of relevant authorities.
Achonwa appealed to people of goodwill in Etche and beyond to assist the community get help so that the life and the environment would not go to extinction.
Chris Oluoh
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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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