Business
RSG To Destroy Indiscriminate Outdoor Adverts
The Rivers State Commissioner For Urban Development and Physical Planning, Dr. T. W. Danagogo has said that the committee for the control, prevention and removal of outdoor advertisements which deface Port Harcourt City and its environs will begin operations in a week’s time.
Dr Danagogo who stated this shortly after the inauguration of the committee Tuesday in Port Harcourt said that a seven-day period of grace has been given by the committee to individuals and corporate owners of billboards, sign-posts, posters and banners which have been erected and displayed indiscriminately.
He called on the individual and corporate owners of indiscriminately displayed billboard and outdoor advertorials that fall short of the relevant outdoor advertisement regulations, to remove them.
He warned that the committee would swing into action to remove all such billboards and posters, and consequently arrest their owners at the end of the deadline.
The Urban Development and Physical Planning Commissioner, who is also the chairman of the committee also enjoined members of the public to show understanding and co-operation with the committee in its bid to sanitise the cities and maintain standards.
Other members of the committee are the commissioner for Environment as alternate chairman, with the chairman of Port Harcourt City Local Government, Chimbiko Akarolo, the Obio/Akpor Chairman, Timothy Nsirim, as well as the chairmen of Eleme and Oyigbo Local Government as members.
Corlins Walter
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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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