Business
Oil Firms Plotting To Destabilise Ogoni – MOSOP President
President of the Movement for the Survival of Ogoni People (MOSOP), Comrade Legborsi Pyagbara has raised alarm over plot by multinational oil firms to destabiliSe Ogoni land.
The Mosop President who spoke with The Tide shortly after attending, the second Ogoni Dialogue Forum in Port Harcourt recently, bemoaned the antics of some oil companies trying to resume oil exploration in Ogoni, through the back door.
He called on all Ogoni stakeholders to be vigilant and resist any attempt to resume oil production in Ogoni without due consultation and adherence to international best practices.
Pyagbara who described Ogoni as a metaphor for Niger Delta struggle, hinted that Ogonis were at a very strategic moment in their history, adding that the success of the Ogoni struggle would determine the future of the total restoration of the Niger Delta environment.
The MOSOP President who flayed the Federal Government over its insincerity in the implementation of the United Nations Environmental Programme (UNEP) report recommendation in Ogoni land, and urged Ogonis to embrace peace and dialogue to foster sustainable development in the area.
He insisted that no oil company had been endorsed by MOSOP to resume oil production in Ogoni, adding that the environmental clean-up of the area was more critical at the moment.
He commended the Academic Association Peace Works (AAPW) for organising the Dialogue Forum, and called on Ogoni Political leaders to give priority attention to the development of Ogoniland.
Taneh Beemene
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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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