Business
Minister Summons Contractor For Abandoning Road Projects
The Minister of State for Power, Works and Housing, Mr Mustapha Shehuri, has summoned the contractor handling Mararaba-Mubi-Michika-Madagali Road, Rhas Nigeria Limited, for abandoning the project.
Shehuri summoned the contractor on Saturday in Yola during an inspection of some federal government road projects in Adamawa.
He expressed dissatisfaction over the abandonment of the project by the contractor after collecting mobilisation.
“Going by the level of work here and from what I have seen, I am not impressed with the performance of the contractor.
“With what I am seeing on this site, I think there is need for us to sit down with the contractor because government cannot tolerate this.
“I am, therefore, inviting the managing director of the company to appear in Abuja because it is disturbing for the lifespan of the project to elapse and work done is only 1.7 per cent.
“This is a very important project because the direct beneficiaries have been under attack of Boko Haram, and since peace had been restored, there should be free movement of people,” he said.
The minister expressed dissatisfaction over claim by the contractor that the project was delayed because of non availability of working drawings.
According to him, I am surprised to hear that designing a bridge will take one year in the ministry where we have several engineers.
The Federal Controller of Works, Adamawa State, Mr Abubakar Salihu, said the 90 kilometers road and bridge projects were awarded in 2017.
He said that the bridges were collapsed by Boko Haram insurgents in 2016.
Salihu said that the project commenced in 2017 with a completion period of 18 months, which had elapsed 115 per cent completion period.
He said that the project was currently 1.7 per cent completed.
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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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