Business
Uduaghan Faults RMAFC Over Wages
Delta State Governor, Dr Emmanuel Uduaghan, has faulted the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) over its remuneration formula for political office holders in the country.
Uduaghan, who said this when delegation from the commission led by Dr. Tom Uloko presented the new remuneration for political office holders to him in Asaba, said the operative culture of the commission was faulty and against the principles of federalism.
He reminded the commission that governors and council chairmen were central in the implementation of remuneration for political office holders and civil servants; and that their inputs should form an integral part of any revenue formula.
The governor said it was wrong for the commission to force any form of remuneration on states and local governments without putting into consideration to their revenue profile an capacity to pay.
Dr. Uduaghan canvassed for sanity in the nation’s fiscal policy and said many states and local government might not be able to pay.
Meanwhile, the Delta State police command has foiled a robbery attempt by a 15-man gang on Unity Bank, Abraka, Ethiope East local government area.
Police image-maker, ASP Charles Muka, who confirmed the incident, said one policeman died as a result of injuries sustained during the incident and another was seriously injured.
The police, acting on a tip off, arrived at the scene and there was an exchange of fire, according to ASP Muka.
The incident, which took place at about 3.30am, caused panic among residents in nearby homes during the ensuring gunfight.
ASP Muka said the deceased cop was the driver of the patrol van. He said the injured driver drove the patrol van back to the office but died while receiving treatment at an undisclosed clinic.
Our correspondent learnt that the robbers were unable to break into the bank.
But a resident, who pleaded anonymity, informed our correspondent that the robbers arrived at the bank at about 12.00 am, adding that the robbery lasted for about three hours. Our correspondent learnt that the police team was tipped off by the guard on duty. He claimed the robbers gained access into the bank and escaped with undisclosed amount of money, but the police denied it.
Muka maintained that the police have launched a manhunt for the robbers as the command have lead information in the criminal gang.
He said the police were closing in on the gang.
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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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