Business
Dealers Association Congratulates Energy Commissioner
The Rivers State Chapter of the Kerosene Dealers Association of Nigeria have congratulated the Rivers State Commissioner for Energy, Dr. Dawari George on his recent appointment and subsequent swearing-in.
The State President of the Association, Comrade Big-Daddy Fred Barango who stated this while briefing newsmen in his office in Port Harcourt; commended the state dynamic Governor, Rt. Hon. Chibuike Rotimi Amaechi for the choice of Dr. George for the energy sector.
He described the appointment of Dr. George as a square peg in a square hole; and urged him to bring his wealth of managerial ability to bear in his new assignment.
Comrade Barango stated that the Kerosene Dealers Association in the state has been looking forward to the well deserved appointment of Dr. George, who he described as a vibrant youth leader; and urged him to partner effectively with the Kerosene Dealers Association to carry the state to another level.
He prayed God Almighty to give the Hon. commissioner infinite mercies and wisdom to contribute his own quota to the advancement of the society; and pledged the loyalty and support of the Association members.
The Kerosene Dealers Association President further congratulated the State Executive Governor, Rt. Hon. Chibuike Rotimi Amaechi on the anniversary of his second year in office. He commended the Governor for the various developmental strides and urged him to maintain the tempo.
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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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