Business
Why FG Should Ban Generator Use
The Association of Nigerian National Honour Awardees (ANHA) has called on the Federal Government of Nigeria to ban Power Holding Company of Nigeria (PHCN) in particular and other government parastatals from using power generating sets, as a means to urgently address the epileptic power problem in Nigeria.
At the resolution reached at its meeting in Lagos, the association ascribed failure in the nation’s electricity supply to sabotage, saying there was a correlation between sabotage and people who sell diesel with non-performance of PHCN.
The association posited, “we call on government to take drastic measures to dissuade all government parastatals, especially PHCN, then followed by all government perastatals from using any form of electricity generating set.”
“If there is complete darkness in the nation, we believe there would be solution to the lingering problem of lack of electricity supply in Nigeria. It was unfortunate that when some of us visited PHCN, we found out that they too were using standby generator. This should stop with immediate effect,” the association spokesperson, Dr. Ausbeth Ajagu stated.
The association lamented that Nigeria is still suffering power epilepsy even when many other African countries with less endowment enjoy steady power supply in their countries.
“Why is it that countries we supply electricity to, like Niger Republic, Benin Republic and the rest of them would enjoy constant electricity? It is in Nigeria we have epileptic supply, and until the situation is addressed, it may be difficult to advance in our industrial development,” Ajagu has stated.
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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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