Business
Rivers Communities Laud Firm Over Projects
Rumuji community in Emohua Local Government Area and Rumuogba in Obio/Akpor Local Government Area have commended Total E & P Nigeria Limited for carrying out projects that affect the lives of the people.
The communities stated this while signing Memoranda of Understanding (MoU), with the oil firm last week at the Total E&P Limited main office, Port Harcourt and called on other oil companies operating in the areas to emulate Total E&P Limited.
The Paramount Ruler,Nye nwe- Eli of Rumuogba, HRM Eze Temple Ejekwu and his Edegwu counterpart, Chief Christian Elechi, noted that their communities have kept a good relationship with the oil firm, expressing satisfaction with Total in carrying out its corporate social responsibility to its host communities.
The two traditional rulers said their communities were happy with the operations of the oil firm and urged other oil firms operating in their communities to emulate Total E&P Limited.
According to them,” As we sign this agreement today, we urge you to ensure that implementation were carried out for the benefit of the communities.
“There is no doubt that the presence of Total E&P Limited has brought development and peace in our various communities. The living standard has improved”, the two community leaders said.
They however, urged that whatever they signed should be implemented while the left-over of the last MoU should be carried out as agreed.
The Traditional ruler of Odegwu, Chief Elechi commended Total for listening to them over the request to separate Rumuji from Ibaa on signing MoU agreements.
Earlier, the Deputy Managing Director, Port Harcourt District, Mr Francois Le Cocq, at the formal signing ceremony said the projects and programme nominations and implementation should address identified needs and not contact driven venture for few benefit captors.
Le Cocq advised that as both parties celebrate renewed relationship, there should be a spirit and conviction to implement the provisions of the new agreement for the mutual benefit of all the parties.
He assured that TEPNG will fulfill the MoU and was proud to identify with positive results which shall be brought to the communities through the implementation of these MoUs.
According to him, “Total E&P Nigeria Limited is convinced that the content and depth of these agreements are quite far reaching and have the potential to positively affect the lives of our communities if parties show sincerity in their implementation and management”.
“From our infrastructure to human capital development initiatives, it is clear that the company is committed to touching the lives of our communities regardless of the challenges which the industry is facing today”, he said.
The company boss assured that the firm will do its best to manage disbursement funds for the implementation of the MoU such that it will not put the company’s operations at risk.
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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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