Business
Suswam Signs Appropriation Bill Into Law
Governor Gabriel Suswam of Benue State has signed the 2013 Appropriation Bill of N136 billion into law.
The State House of Assembly had, on March 20, passed the appropriation bill, which was forwarded to the Governor for assent.
The legislature had raised the budget from the initial estimate of N130.9 billion to N136.4 billion, jerking it up with about N5.3 billion.
Speaking after signing the bill in Makurdi, Suswam commended the cordial relationship between the three arms of government in the state.
“The good relationship we enjoyed, as arms of government, is responsible for the milestone we have achieved and we will continue to work within the provisions of the budget as we continue to strive to better the lot of our people.
“We all know that we have barely two years left, and within this period, we are expected to work harder in our quest to leave lasting legacies for our people,” Suswam said.
Speaking earlier, the Speaker of the state House of Assembly, Mr. Emmanuel Ayua, appealed to the executive arm of government to ensure full implementation of the budget to realise its objectives.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
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.
-
Niger Delta2 days agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Sports2 days agoSimba open Nwabali talks
-
News4 days agoDon Lauds RSG, NECA On Job Fair
-
Nation2 days agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Niger Delta2 days ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta2 days ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Oil & Energy2 days agoNUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership
-
Rivers2 days ago
Fubara Restates Continued Support For NYSC In Rivers
