Business
Gunmen Set Agip Trunk Line On Fire
Gunmen on Monday blew up a trunk line belonging to the Nigeria Agip Oil Company(NAOC) along Tereke, Nembe Local Government, Bayelsa State with a device believed to be dynamite, thereby setting the oil facilities on fire.
The explosion is now causing tension among neighbouring communities in the locality .
The trunk line located inside a mangrove forest was said to have caught fire, shortly after it was bombed by the gunmen suspected to be militants who had been agitating for inclusion in the amnesty prgrammes.
The Tide gathered that officials of NAOC have paid a visit to the site to ascertain the extent of damage done to the facilities, even as no official statement had been issued on the incident.
Athough no group has claimed responsibility for the attack on the Italian oil giant facility, it was gathered that the hoodlums invaded the area with two flying-boats at the early hours of the fateful day.
Contacted, Spokesman of the Joint Military Taskforce (JTF),Lt. Col. Timothy Antigha, said the security outfit was making efforts towards reaching their personnel in Nembe as to get first hand information of what could be the cause of the explosion on the firm’s facility.
Antigha promised to get back to our correspondent as soon he got the report from his colleagues.
Just last Sunday, aggrieved Bayelsa State militants under the aegis of the “Third Phase Federal Amnesty” threatened to paralyse oil production in the state, if the federal government fails to integrate them into the amnesty programme.
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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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