Business
Army Warns BokoHaram In Jos
The Nigerian Army yesterday in Jos reiterated its resolve to put an end to the activities of the Boko Haram sect and other religious extremists.
The GOC, 3rd Armoured Division, Maj.-Gen. Adamu Marwa, who gave the warning in a statement, said the Division would no longer condone any act of criminality, particularly in the North-East zone, which falls within its area of responsibility.
He announced that the Army Headquarters had ordered the Division to relocate its “tactical headquarters” to Gombe, in view of the intractable security situation in the region.
Marwa said the measure was to enable the army to properly co-ordinate and fight the activities of religious extremists in the North-East zone.
He said soldiers trained as members of the Quick Response Group had been fully deployed to fish out the criminal elements within the area.
Marwa expressed satisfaction with the operational readiness and equipment handling of the officers and soldiers of the group, and challenged them to maintain a high level of alertness at all times, so as not to be taken unawares by any criminal group.
He said the Army High Command had visited Boko Haram settlements destroyed by troops in Bauchi, Gombe, Potiskum, Maiduguri, Damaturu, Biu, Mubi and Yola, adding that the troops also arrested some suspects.
“The suspects are undergoing interrogation in various parts within the Division.”
Marwa decried the wanton destruction of lives and property by religious extremists in the area, and advised them to embrace peace in their own interest.
He assured members of the public who were resident in the region, of the safety of lives and property, and urged them to go about their lawful activities without fear.
Our correspondent reports that Adamawa, Bauchi, Borno, Gombe, Plateau, Taraba and Yobe States, which are notorious for violent crises in recent times, fall under the Division’s area of responsibility.
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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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