Business
NIM Applauds NDDC On Service Delivery
The Nigerian Institute of Management, says the score card of the Oboh-led administration in the Niger Delta Development Commission (NDDC) is most encouraging.
This position according to the institution is sequel to extensive monitoring of the activities of the present Board.
The institutes President and Chairman of council, Chief Michael Cole announced this during a courtesy call on the NDDC Managing Director, Dr Christian Oboh.
He emphasised that the boards positive strides has not only helped in bringing militancy and youths restiveness to a halt but has largely been responsible for the relative peace in the region.
“Through your efforts, the NIM boss continued, it is clear that we shall soon reap benefits from facilitating the rapid, even and sustainable development of the region towards economic prosperity, social and political stability as well as ecological regeneration”.
Chief Cole called for closer ties between the NDDC and NIM especially in capacity building through various training programmes, assuring that the institute was ready to avail its services.
In his speech Managing Director, NDDC, Dr Christian Oboh challenged the institute to strive towards producing managers that will add value to the commission and other organisations.
“We want to see the value your members in NDDC will add, because organisations should be looking at productivity at the end of the year through the efficiency and effectiveness of its workforce”.
He disclosed that the current board has resolved not to award many new projects in 2012 but to complete existing ones and pledged the commission’s readiness to partner NIM in the task of delivering its mandate.
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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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