Business
Ethnic Groups Demand New Constitution
Leaders of some ethnic nationalities in Nigeria yesterday rose from a meeting in Lagos reiterating calls for a new constitution for Nigeria.
The leaders, under the aegis of Movement for New Nigeria (MNN), noted that nothing worked in Nigeria under the 1999 Constitution.
This, they said, resulted in failed education, health care, power, roads, food scarcity and security.
Our correspondent reports that those at meeting included representatives of the Yoruba Council of Elders, Niger Congress comprising former Eastern and Mid-Western Regions of Nigeria.
Others are the representatives of the Federation of Oodua Peoples, representing former Western, and the Middle Belt Congress, representing some parts of the former Northern Region.
Addressing newsmen, the MNN President, Mr Fred Agbeyegbe, said that there was a need for a sovereign national conference that would give birth to a new constitution.
“The power required for constitution making resides exclusively in the hands of the people.
“All the woes bedeviling Nigeria, including corruption and instability, flow from the fraud in the nation’s constitution’’ he said.
In his speech, the Secretary of the group, Mr Tony Nnadi, said: “It is fraudulent to try to put the seal of the people‘s authority on a document wholly concocted and imposed via Decree No. 24 of 1999’’.
He said that the fact that the 1999 Constitution was imposed on the people of Nigeria was a breach of their sovereignty which must be rectified for the country to move forward.
He also reiterated the need for such a conference to address the imbalances that existed among the federating states of Nigeria.
Sen. Suleiman Salawu, the Chairman of the Kwara State branch of the Yoruba Council of Elders, said that the group had reached the end of its endurance on the state of the nation.
“We assert that the present state of affairs is totally intolerable to us,’’ he said.
He noted that although the group remained loyal to President Goodluck Jonathan, there was a need for the president to consider the agitations of the generality of Nigerians.
Salawu, however, decried the restiveness in the North by the Boko Haram sect.
He noted that such agitations could be solved through dialogue.
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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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