Business
IOCs Can Relocate Without NASS Approval-MOSIENND ……Wants NDDC Board Inaugurated
The Movement for the Survival of Ijaw Ethnic Nationality in Niger Delta (MOSIENND) has said that the multinational oil companies that relocated from their host communities need no approval from the National Assembly before relocating back.
President of MOSIENND, Kennedy West, who stated this while speaking with journalists at the weekend in Port Harcourt, also called on the presidency to prevail on the relevant authority to inaugurate the board of the Niger Delta Development Commission (NDDC)
According to West, the multinational oil companies left their host communities to other parts of the country to operate without the approval of the National Assembly, and therefore do not need the lawmakers’ approval to return.
He explained that the request for the return of IOCs was one of the requests made to President Muhammadu Buhari in 2016 by the Pan Niger Delta Forum (PANDEF), but regretted that the request had not been granted since then.
“All the requests made by PANDEF to President Buhari in 2016, which include the demilitarization of Niger Delta, increase NDDC funding, make the IOCs relocate to the region, and make the host communities participate in OML operations; none has been done since then.
“The idea of Mr President promising to address those requests made since 2016 should not be taken seriously by any person that means well for the development of the region,” he said.
He also called on the governors in the Niger Delta to speak out and act on issues confronting the NDDC, saying that anything happening in the commission will directly affect the states.
West faulted the position of sole administrator in the NDDC, describing it as unconstitutional, and called for the inauguration of a governing board for the commission.
The MOSIENND boss also accused the security agents, especially the military, of aiding and abetting oil theft and bunkering in the Niger Delta, instead of providing security for the region.
He said that there was no need for the Joint Task Force in the region since their presence have not addressed criminality in the coastal areas.
By: Corlins Walter
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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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