Business
RSNC GM Tasks Institute On Risk Management …As BodyHonours Two Media Managers
The General Manager, Rivers State Newspaper Corporation, Mr. Vincent Ake, has urged the Chartered Institute of Loans and Risk Management of Nigeria (CILRM) to undertake an advocacy aimed at sensitising captains of industry, operators of organised private and public sectors on the need to adopt risk management practice in their business activities.
The General Manager gave the charge in his goodwill message last Friday in Port Harcourt, during the conferment of Honorary Fellow of Chartered Institute of Loans and Risk Management of Nigeria on him by the President of the institute.
He observed that most corporate bodies do not incorporate risk management in their organisational structure, but stated that by enlightenment and advocacy, organisations would see the need to adopt risk management practice, stressing that the areas covered by loans and risk management are enormous and required constant improvement through training and retraining.
Ake lauded the institute for its core values on discipline, professionalism, integrity, transparency, fairness, accountability, responsibility and best practice which he said were part of the universal code.
Earlier, the CILRMN’s President/Chairman of Governing Council, Dr, (Mrs) Harriet Nkechi Akubuiro, while performing the conferment ceremony during the 2019 membership induction/conferment of fellows and patrons ceremony in Port Harcourt, said the choice of the Rivers State Newspaper Corporation’s General Manager, Mr. Vincent Ake and the Garden City Radio’s General Manager, Mr Dagogo Ezekiel-Hart was hinged on their enormous contributions to mass re-orientation of the society and setting agenda for the development of the people and the state in general.
She said the conferment of the honorary fellow on the respective general managers was geared towards recognising the efforts put in by the honorary fellows and as a mark of encouragement for their good works in shaping the psyche of the people towards meaningful engagements that would foster love, unity, progress and general wellbeing of the citizens.
The president urged them to redouble their efforts in the service of humanity, as she congratulated them on their conferment.
The institute inducted people from various professions into different categories of membership, ranging from honorary fellows, fellow members, senior member, full members, associate members and graduate members, among whom was the Director of Finance and Accounts, Rivers State Newspaper Corporation, Mr. Barnabas Job who was conferred fellow of member of the institute.
In his goodwill message, Garden City Radio’s General Manager, Mr Dagogo Ezekiel-Hart, expressed his gratitude for the award and promised to live up to the expectation of the ethics of the institute.
A transporter, Mr Ngwaji Donkwa who is a road transport employer, told The Tide that the ban on illegal parks was a welcome development as the operators had turned to constitute public nuisance on the road without regard to other road users, adding that any act of non compliance by the operators should be view as economic sabotage to the state. Because transportation of goods and services stands to be the backbone of any economy, he noted.
On the side of the drivers, a member of Drivers Welfare Association, Nnankwo Ben, said the enforcement may not achieve 100 per cent compliance, because pushing the thousands of vehicles on the road to the limited spaces in the respective parks at mile 3 and Rumuokoro may not be possible as the space available can not accommodate those numbers.
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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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