Business
Statistician-Gen Wants Budget Increase For NBS
Dr. Yemi Kale, the Statistician General of the Federation, has called for an increase in the budgetary allocation of the National Bureau of Statistics.
Kale, who made the call in an interview with our correspondent in Abuja, said that inadequate funding was one of the challenges of the bureau in the generation of statistics.
“While we will continue to encourage increased support from budgetary sources and from our development partners; we must also adopt a more efficient utilisation of our resources from different sources,’’ he said.
Kale said the bureau had to develop and introduce a more coordinated, organised, practical, systematic and effective process for raising, managing and utilising its resources.
“For example, our projects and other activities need to be better managed from articulation and conceptualisation to execution and delivery.
“It is better that we have five well conceptualised, well funded and completed projects than to have 10 poorly articulated, thinly funded and uncompleted projects,’’ Kale said.
He promised to turn the bureau to a revenue generating institution to reduce the financial burden on government and the development partners.
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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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