Business
FCTA Mini-Bus Drivers Get N500m Lifeline
The FCT Administration is to earmark N500 million to assist mini bus drivers in Abuja draw funds to buy new vehicles under a hire purchase scheme.
The Minister of the FCT, Sen. Bala Mohammed, said this on Friday in Abuja when he received the report of a Ministerial Committee on the Implementation of the Mini Buses Feeder routes and Traffic Regulations.
Mohammed, who received the report from the FCT Permanent Secretary, Mr Anthony Ozodinobi, said that the money would be drawn from the SURE-P allocation given to the FCT Administration.
“The FCTA has commenced an arrangement with some vehicle companies to provide new buses for the mini-bus drivers.
“This is one of the palliative measures that we are going to use to cushion the effect of restricting them on some routes in some parts of the city centre.
“We want them to be using new buses to convey people; most of the buses they are using are not good.
“I want all FCT Transport Unions to form one group in order to benefit from this opportunity,” he said.
He said that FCTA would also employ 10,000 conductors and put them on a monthly salary.
According to him, the ban on the tricycle (Keke Napep) from plying the Area one, Maitama and Asokoro roads was due to obstruction and traffic jam they cause.
Commenting on the ‘Pay and Display’ parking policy, the minister acknowledged that it had been violated by the concessionaires.
Mohammed said that the FCTA would soon review the scheme to make it amiable.
“We have received series of complaints and petitions against the unholy activities of some concessionaires.”
He said that the FCTA would present a bill to President Goodluck Jonathan for onward submission to the National Assembly, for the establishment of the FCT transport authority.
This, he said, would ensure an effective legal framework for future sustainability of transport policy.
He, therefore, gave another three weeks grace with effect from today to the mini bus drivers to put things in order, saying that the policy would take off soon.
Earlier, the permanent secretary, said that the committee recommended the introduction of palliative measures to cushion the effect of the policy on operators.
He also called for sustainable public enlightenment and sensitisation of the public to the new policy.
Also speaking, Mr Okorie Victor, the FCT Chairman, Self-Employed Commercial Drivers Association and Mr Umar Abubakar, Secretary, National Union of Road Transport Workers said the unions would support the policy.
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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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