Business
RSG Explains Delay On Iwofe-Rumuolumeni Road …Restates Commitment To Agric Dev
It has now been made public that what has delayed the reconstruction work on the Iwofe-Rumuolumeni Road project which has been awarded by the Rivers State government is the delay in payment of compensations to owners of properties along the road.
The Rivers State Commissioner for Works, Mr Victor Giadom, who made this known to journalists in Port Harcourt, recently said that property owners compensation issue is one thing that will be settled before proper work will resume on Iwofe Road.
He said that government does not just want to rush into building the road project in haste, pointing out that they are taking their time to ensure that due process is followed.
Giadom re-affirmed the decision of the present administration in the state to insist that due process be followed in the execution of work, adding that no property owner will be left out in this respect.
To this end, he explained that the state government has engaged some professionals who are handling the process of valuation and variations on the properties to be compensated, and that in a short time, the process will be over.
He said that work will resume on the Iwofe Road as soon as the property owners are fully compensated and urged the public to be patient with government, as things are being worked out.
It would be recalled that the Iwofe-Rumuolumeni Road had been a nightmare to road users, especially in the last rainy season, and there had been a very high expectation that the road will be properly fixed before this coming rainy season.
Meanwhile, the Rivers State Governor, Chibuike Rotimi Amaechi, has spoken about his administration’s efforts in improving agricultural activities in the state.
Amaechi said agriculture could not be separated from the state’s overall development plan as the sector is being developed to equally stimulate the state’s economy.
The governor spoke during the 38th Annual Conference and 40th Anniversary of the Nigerian Society for Animal Production (NSAP), with the theme, “Animal Agriculture: A Tool for Sustainable Economic Transformation”, at the Amphitheatre of the Rivers State University of Science and Technology, Port Harcourt.
Represented by the Commissioner for Agriculture, Hon. Emmanuel Chinda, Governor Amaechi said his administration had established the Songhai Centre, Fish Farms, Banana Plantation and revived the Risonpalm in addition to other initiatives to improve agricultural growth and output in the state.
He said, “we are happy to share with you some of our strides in the area of economic development which agriculture cannot be removed from. We believe that we can develop infrastructure to the best that we can and to the best that we think we can stimulate our economy”.
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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