Business
Monarch Hails Boat Owners On Passengers’ Safety
The Amanyanabo of Ogu Kingdom, in Rivers State, His Majesty, King Nichola Dickson Ibiebele Nimenibo, has commended the executive and members of the speed Boat Owners Association of Okrika, for giving priority to the safety and comfort of their passengers.
Nimenibo, made the commendation when the members paid him a solidarity visit in his palace at Ogu in Ogu/Bolo Local Government Area, Saturday.
The monarch said that he is very proud to be a member of the association, especially with the level of achievements and display of maturity by the members, describing them as great and distinguished members, and enjoined them to keep up the spirit.
He also expressed delight with the building of a magnificent edifice at ATC Okrika for the comfort of the passengers and the masses, and lauded the leadership qualities and vision of the Exco which he said is worthy of emulation.
Nimenibo assured that as a first class traditional ruler, he would always project the well-being and development of Wakirike ethnic nationality, and reiterated his call for the unity, love and co-operation of all sons and daughters to move the nation to its former enviable height.
The royal father thanked the members for the visit and assured that, he would continue to partner with them at all times as a bonafide member for the interest of the masses.
Earlier, chairman of the Association, Chief Sunday Opeya, had thanked Governor Nyesom Wike for recognizing and elevating the stool of their members to a first class status, adding that they are very grateful, and advised the Amanyanabo not to see his stool as only for Ogu Kingdom but for the entire Wakirike nation.
Opeya prayed God to continue to give the King wisdom, knowledge and good health to rule the people and expressed optimism that his reign would bring more development, peace and unity to the people of Ogu kingdom and Wakirike nation in general.
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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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