Business
PH Club Re-elects Uti
Port Harcourt Club 1928 has re-elected Mr Churchill Uti as president of the club for the 2009/2010 club calendar.
Mr Uti was returned unopposed alongside his vice president, Barr. Golden Tamuno, while the post of general secretary was won by Barr. Soalabo West, and Charles Oruitemeka emerged treasurer.
The only female contestant, Mrs Tammy Boardman won the office of membership secretary, while Dele Maku is the new sports secretary.
Feddy Inimgba and John Dodo emerged House and Grounds secretaries respectively, Omuobor Oyibo and Telema Lawson are Bar and Kitchen secretaries, while Sammy Pepple and Ogaranya Nwabueze are the social secretaries.
In his post election speech, during the club’s annual general meeting held at the Unity Hall, the president thanked members for the confidence reposed on the new management committee and assured that with their co-operation and support, the new team will take the club to greater heights as the premier recreational club in Nigeria.
Mr Uti promised to give all sections priority attention as well as also complete the club’s building.
He appealed to members to show more commitments to the affairs and development of the club.
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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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