Business
Jonathan Commends BPP For Saving N216bn In 2010
President Goodluck
Jonathan has commended the Bureau of Public Procurement (BPP) for saving N216.7 billion from the 2010 budget alone.
Jonathan, who was represented by the Secretary to the Government of the Federation, Anyim Pius Anyim, made the commendation on Monday in Abuja, at the fourth National Procurement Forum.
Jonathan said that his administration would give every necessary support that BPP required to sustain and improve on its achievements.
He urged the bureau to remain fair, firm and resolute and resist any form of intimidation or inducement in its resolve to enthrone a procurement regime.
“ I believe that the fight against corruption has now entered a critical stage and all public servants must take note that the old era has passed away.
“This is the era of transformation, transparency and accountability not just in words but by action, because the tools for public participation are now fully in place,’’ Jonathan said.
The President observed that delays in verification and certification of projects had drastically reduced as a result of steps taken by the government in response to widespread public complaints especially on budget implementation.
He urged public officers to work towards the transformation of the country and advised that they study the act on public procurement as well as to apply its provision in the conduct of government business.
“There will be no sacred cows for any infractions especially by those responsible for budget implementation at the federal level, Jonathan said, adding that ignorance of the law would never be accepted.
Earlier, the Director-General of BPP, Emeka Ezeh, had said the Bureau had recommended five federal agencies for investigation by EFCC and ICPC.
“The reform is to remind Nigerians of where we are coming from and the challenges we have been facing for the past 10 years.
He stated that the challenge faced by the Bureau was an institutional resistance by the elite who had refused the reform.
The Bureau, which became operational in 2007 through an act, establishes pricing standards and benchmarks.
It ensures the application of fair, competitive, transparent, value-for-money standards and practices for the procurement and disposal of public assets and services, for attaining transparency, competitiveness, cost effectiveness and professionalism in the public sector procurement system
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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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