Business
RSG Reads Riot Act To Tricycle Operators
Rivers State Government has vowed to impound any motor tricycle (Keke NAPEP)that ply beyond the Slaughter Market bridge at Trans-Amadi in Port Harcourt. The state government also said that it has commenced impounding unpainted commercial vehicles with state colours.
The State Commissioner for Transport, Mr. Michael West announced this last Tuesday in a chat with newsmen in Port Harcourt.
“It has come to our notice that the commercial motor-tricycles plying Akpajo-Slanghter in Trans-Amadi in Port Harcourt are tress-passing beyond the boundaries.
“We’ve already given a letter to the union to caution its members to maintain their boundaries. We must impound any tricycles that disobey the government’s order,’’ the commissioner said.
According to him, the deadline for painting of commercial vehicles elapsed since August 17, 2018 and any defaulting vehicle caught is liable to a fine of N10,000 before release of the vehicle.
The Commissioner said, the Ministry has done enough to ensure that all commercial vehicles in the state are painted in state’s colours.
He said the ministry has given enough grace from March to August, 2018 for the commercial vehicles to be painted in the state’s colours.
“Apart from the grace we gave them, we also dialogued with automobile painters in accordance with the size of vehicles.
“So the ministry would not be blamed, if any vehicle is a victim of the task force,’’the commissioner said.
West reiterated the state Ministry of Transport readiness to bring total reform in the transport system of the state.
Enoch Epelle
Transport
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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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