Business
Odili Urges FG To End Economic Injustice In N’Delta
The former Governor of Rivers State, Dr Peter Odili, says the Niger Delta region would only have peace if the environmental injustice that resulted from the years of exploration and exploitation of oil and gas is addressed by the Federal Government.
Odili said this in his Foreword to a book titled: “The Niger Delta Paradox; Impoverished in the Midst of Abundance,” launched last Saturday in Port Harcourt.
According to him, any arrangement that does not accord priority benefit to the people who are sitting on any type of resources is a deviation from natural justice.
He said before oil was discovered in commercial quantity in 1956, the Niger Delta region was the major food producing area and was termed the “bread basket” of the nation.
He regretted that, despite the vast resources of the region, majority of the people are poor, saying over 60 per cent of the people have no access to primary health care, with unemployment among the educated youth threatening social and political stability in the region.
Also speaking, the Director, Academic Planning Unit, Ignatius Ajuru University of Education, Port Harcourt, Prof Vincent Asuru, said that poverty index in the Niger Delta shows that the region is one of the most impoverished in the world.
According to him, violence and social vices only strive in environment where unemployment and hunger become the order of the people.
He recommended the book to the governments, multinational companies and individuals as panacea to major challenges facing the people of the region.
Also, a former Director in Niger Delta Development Commission (NDDC), Timi Alaibe, said those who always dismiss the outcry and protest of the Niger Delta are people who have not experienced the agony faced by the people of the region.
Alaibe described the book as a huge contribution towards drawing further attention to the plight of the people and called on governments at all levels as well as oil companies to take proactive measures to recover the region from age-long environmental abuse and human injustice.
In his brief statement, Preofess Nelson Brambaifa, described Niger Delta region as Sahara desert of poverty resulted from oil exploration since 1956.
He said the effects of oil exploration in the region would be more regrettable in the future, if proper and urgent measure are not taken to address the neglect and injustice in the area.
Brambaifa called for a restructuring that would guarantee the future livehood of the people in the face of exploration in the region.
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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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