Business
FG To Reduce Cost Of Houses Through FISH – Oyo-Ita
The Federal Government says it plans to reduce the cost of providing houses to civil servants through the Federal Integrated Staff Housing Scheme (FISH).
The Head of the Civil Service of the Federation, Mrs Winifred Oyo-Ita, stated this in an interview with newsmen in Abuja.
Oyo-Ita said that the Office of the Head of Civil Service of the Federation (OHCSF) was currently partnering relevant Ministries, Departments and Agencies (MDAs) to reduce cost of infrastructure and land.
She added that this partnership would further reduce the cost of the houses and make it affordable for civil servants, instead of the initial price placed on it by the developers.
She said that the major challenge FISH was encountering was that the concept of the programme was not captured by relevant MDAs in their various budgets, but has been addressed in 2018 budget.
“ Now we have to go back to the drawing board, we are now working with our infrastructure housing MDAs.
“To see how we can bring down the prices to a level that civil servants can actually take advantage of.
“The private developers will no longer have to bear the cost of the land and infrastructure because these are two things that cause high cost of houses,
“We will now take advantage of the developers input by way of skills and technical knowhow, while the government agencies provide the land and infrastructure.’’
The head of service expressed her gratitude to the FCT Minister, Minister of Power, Works and Housing for providing a district for the FISH programme.
She also thanked the Minister for providing infrastructure for FISH in the 2018 budget, and the Minister of Finance for their contributions towards the programme.
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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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