Business
Ondo Lays Foundation For World-Class Cultural Centre
The executive governor of Ondo State, Olusegun Mimiko has laid a foundation for a world-class architectural master piece, international cultural and event centre, at Akure, the State capital.
The governor, while speaking at the foundation stone laying ceremony of the centre known as “Dome” said that the present administration believes that no other project to showcase the new identify could rank higher in priority than the centre, which is a world-class architectural design.
Mimiko at the ground breaking ceremony of the centre also noted that his administration in the last 10 months had been engaged in setting new standards of governance.
According to him, “We have been using fresh initiatives in programmes design and re-engineered a state identity through attitudinal reorientation and a timeless logo.”
He said that all these have been done in their quest to project the new state identity and also to give a masses oriented slant to the state developmental efforts and initiative in the short and long-run.
The governor also posited that it was a matter of public acknowledgement that in the intervening 33 years, since the creation of the state till now, that government has metamorphosed from being a collection of single digit ministries to a much more bigger institution with the attendant explosion in staff and personnel matters.
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Business
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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