Business
Lagos Residents Protest Four-Month Power Outage
Residents of Ijegun-Imore community in Satellite Town, Lagos State last Monday protested four months of power outage in the area by Eko Electricity Distribution Company (EKEDC).
The Tide source reports that hundreds of placard-carrying protesters from David-West New Site Estate blocked the major road, preventing motorists from passing through the area.
Chairman, Landlords/Residents Association, Osuchukwu Sam-Bell said the community had been in darkness since August due to a transformer fault.
“We want our transformer repaired and restored, we need prepaid meters; EKEDC should come and install our new 500kva transformer now,’’ he said.
One of the affected residents, Mr Zubby Anazodo said business activities had been paralysed in the area due to the four-month outage.
“Artisans are out of business, people selling frozen foods have closed their shops, it is no longer business as usual in the community again.
“Our children are suffering, you see them with heat rashes and even our wives cannot preserve foods inside refrigerators any longer.
“We can’t sleep in our houses comfortably with the noise of generating sets and harsh weather.
“It is unfortunate that we are going through this while our neighbouring communities are enjoying uninterrupted power supply, this is injustice,’’ he said.
Arazodo appealed to EKEDC to repair the transformer and restore power supply to the community ahead of the Christmas festivities.
When contacted, EKEDC spokesman, Mr Ademola Adegoke, said the company had replaced the transformer servicing the community twice but it packed up on both occasions.
“This was caused by the power load in the community which far outstrip the capacity of the transformer.
“The only way to save the transformer from breakdown is to rotate power supply but the community will not allow our men to do this as our men were always harassed and chased out each time they went there for load shedding,’’ he said.
The EKDC official said that the company was finding it difficult to install the new transformer because of the huge cost involved.
“We even proposed to use the transformer donated to by the state government to replace the damaged one pending when we will get materials to install the damaged one.
“The community yet again rejected this move and insisted that we must replace the damaged one and as well install the one donated in a fresh location,’’ he said.
Adegoke said that EKDC was prioritising their matter and assured that electricity would be restored in the area before the Christmas holidays.
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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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