Business
Commissioner Explains Traffic Jam On PH Roads
The Rivers State Commissioner for Transport Hon. Michael Ibinabo West, has blamed impatience and outright disobedience of traffic rules by motorists for the rising traffic jam in some areas in Port Harcourt City and its environs.
West made this known in an interview with The Tide when commenting on the rising traffic jam at Garrison Junction in Port Harcourt.
He called on the Federal Road Safety Corps (FRSC) in the state to do the needful in cautioning motorists in the state.
West attributed some of the traffic jam and auto crashes to the reckless driving and disobedience of traffic rules in the state.
He said the state government under the present administration of Governor Nyesome Wike has done all the needful developments on road construction and maintenance, and that road in Rivers State are supposed to have free-flow of traffic at every point.
The commissioner further tasked FRSC to intensify effort in implementing safety and traffic rules on the road.
On Oyigbo road, the commissioner also blamed the Federal Government for lack of political will to embark upon federal road projects in the state.
According to him, the Port Harcourt-Oyigbo road is a federal road, and on several occasion, the road always maintained by the state government without any remittance.
He said the only alternative road to save the worst condition of the federal road was the old Aba Road recently constructed by the state government as an access road to Oyigbo and Aba axis.
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Business
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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