Business
Aliyu Lauds Launch Of Nigeria’s Satellites
Governor Babangida Aliyu of Niger has congratulated President Goodluck Jonathan on the successful launch of Nigeria Sat2 and Nigeria SatX in the orbit.
In a statement, Aliyu said the launch was a big leap in the nation’s quest for technological breakthrough.
The statement, signed by Malam Danladi Ndayebo, the Chief Press Secretary to the Governor, said the launch of the observation satellites would help bridge the technology gap between Africa and the western world.
“The good people of Niger State are delighted that Nigeria Sat2 and Nigeria SatX would offer services in the areas of disaster warning, land use, land survey marking and high resolution imaging of the nation’s borders.”
“It is gratifying to know that the satellites have high resolution capacity to pinpoint individual buildings and could be used to provide data for urban planning.’’
The governor said the launch had further accentuated Nigeria’s leadership role in Africa.
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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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