Business
ECOWAS, EU Disagree Over Community Levy
The Speaker of the ECOWAS Parliament, Mr Ousmane Mahamane, on Thursday advised ECOWAS Council of Ministers and Heads of State to resist pressures from European Union (EU) to suppress the community levy.
The former Nigerian President gave the advice, while speaking with newsmen at the close of the first ordinary session of the parliament in Abuja.
Mahamane said that ECOWAS relied on contributions from member states to execute its enormous programmes.
“The authorities in the sub-region should refuse the temptation of yielding to such calls by the EU; it is a ploy to further incapacitate us,’’ he said.
The EU, at a negotiation to evolve a template to fund some development projects in the sub-region, called for the suppression of the community levy to enable states benefiting from EU projects pay their counterpart funds.
The speaker stressed that the proposal was retrogressive, saying that the body was already grappling with the meagre funds available to it.
Mahamane said that the EU would be doing the region a great disservice if it wanted payment of counterpart funds to be a prerequisite for ECOWAS member states to benefit from EU projects.
“We call on the EU to help these countries unconditionally, its call for the suppression of the community levy is an attempt to kill ECOWAS,’’ he said.
On human resource development plans, the speaker said that the parliament had resolved to evolve a legislation that would boost the quality of education within the sub-region.
He said that the overhaul of the educational system from pre-primary to tertiary levels, with emphasis on ICT as major tool for knowledge and development, was the renewed priority.
On women’s participation in politics, Mahamane said that women’s participation in politics in the sub-region was weak; adding the participation quota set aside for women in some of the countries must be enhanced and adhered to.
He noted that a greater involvement of women in politics would be helpful in repositioning the sub-region to address the leadership problems confronting it.
The Tide reports that the session witnessed the inauguration of Sen. Ayogu Eze to replace former Sen Joy Emordi in the parliament.
Reports say that the reports of some ad hoc committees, including the one on the situation in Niger and Guinea submitted by Sen. Ike Ekeweremadu, a Deputy Speaker of the Parliament, were adopted during the session.
The parliament would hold its second session in September.
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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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