Business
NCC Puts Active Mobile Lines At 139million
The Nigerian Communications Commission (NCC) says the number of active lines has increased to 139 million in August compared to July which recorded 138.
This is made known in NCC monthly Subscriber Operator Date made available on its website. The NCC said that the figure showed an increase of 295,685 in August.
The Code Division Multiple Access (CDMA) had 217,566 users in August same with the result in July.
The report said that the Fixed Wire Less for August was 142,478 and 142, 262 in July recording an increase of 216.
According to the report, Voice Over Internet Protocol (VOIP) for August was 56,900, while in July it was 53,297 recording an increase of 3, 603.
Teledensity for August was 99.60 and July 99.39 recording an increase 0.21.
Teledensity is the number of telephone connections for every hundred individuals living within an area. It varies widely across the nation.
The NCC said that the number of connected lines in August was 236,603,992 million and for July it was 237,629,645 million showing a decrease of 102,565.3.
The Code Division Multiple Access (CDMA) had 3.586.095 million in August same with July.
The number of fixed wireless for August was 375,740 as against 376.437 recording a decrease of 697.
According to NCC, Voice Over Internet Protocol (VOIP) for August was 203,232, while that of July was 190,450 recording an increase 12, 782.
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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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