Business
Economic Growth: Uduaghan Woos Deltans In Diaspora
Delta state Governor, Dr. Emmanuel Uduaghan, has appealed to Deltans in Diaspora to come home and partner with his administration in its quest to accelerate economic development and transform the state.
Dr. Uduaghan who made the appeal while swearing in a new Commissioner and two Special Advisers in Asaba said he requires the professional expertise of Deltans to enable him achieve his goal in the development of the state.
He explained that economic development required the input of human resources especially competent hands that would put their heads together to design a road map that would bring the much need development.
“The agenda of development requires a lot of hands and I call on Deltans in Diaspora to return home and join in this development crusade. We need their professional expertise,” he said.
The governor therefore promised to encourage Deltans in Diaspora to come home and join the team of crusaders who are already in the engine room fashioning out how to move the state forward.
Dr. Uduaghan announced that the development of an ICT village in the state would soon commence.
He explained that the establishment of the ICT village will give youths in the state the opportunity to acquire knowledge not only be computer literate but explore the internet in addition to employment opportunities.
The governor who enjoined the new Commissioner and Special Advisers to appreciate the problems of the less privileged in the state urged them to shun ostentatious living.
Dr. Uduaghan charged them to also adopt qualitative and selfless service as their working slogan so that they provide dividends of democracy to the people.
Explaining further he said “The expectations of our people are very high. I therefore appeal to you to show concern over the plight of our people especially the conditions which they live in and evolve ways of improving their living standard.
The governor however called on Deltans to support his administration so that he would realise the goal of a buoyant economy.
Responding the newly sworn in Commissioner Mr. Kenneth Okpara expressed appreciation to the governor for appointing them and promised not to betray the confidence reposed on them.
Also sworn in are Mr. Kenneth Okpara Commissioner while Sunny Ofili and Barrister Andrew Odum are Special Advisers.
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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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