Business
Expert Seeks Review Of Oil, Gas Policies
A university don and former commissioner of environment in Rivers State Prof Roseline Konya has called for the review of the laws and policies guiding oil and gas industry in Nigeria to reflect contemporary realities and promote transparency in the sector.
Prof Konya, who made the call while delivering a keynote lecture at a special programme organised by The National Association of Women Journalists (NAWOJ), Rivers State Chapter, in Port Harcourt, last Thursday, said the Nigeria National Petroleum Corporation (NNPC) still operated the laws enacted in 1960.
The guest lecturer observed that most of the laws presently operating in the Nigeria oil and gas industry were obsolete and overdue for upward review to address the rising challenges in the industry.
Prof Konya, who was represented by Dr Stephen Nyenewa at the event noted that issues of environmental pollution in the Niger Delta were becoming increasingly worrisome and yet to be given deserving attention.
Prof Konya, who described the right to a clean environment as fundamental, decried the growing increase in the destruction and defacement of the natural environment which according to her, resulted in the displacement of the natural means of livelihood of the people.
She recalled that as a child, she grew up in a clean environment where the people depended on the ecosystem for their daily survival.
She regretted that today, Ogoni land and by extension, the Niger Delta, has suffered untold light and total devastation of their natural environment.
The guest lecturer who described the theme of the event, “Clean the Niger Delta, Save our Women”, as apt, commended NAWOJ for their frontline role in advocacy towards protecting the environment.
Taneh Beemene
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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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