Business
Troops Capture Boko-Haram Leaders, Recover Weapons
The Federal Government troops deployed to Yobe and Borno states have captured some notorious leaders of the terrorist group, Boko Haram, and recovered various weapons.
Director of Defence Information, Brig-Gen. Chris Olukolade disclosed this in a statement issued in Abuja recently.
In the statement, Olukolade gave the report of a nine-member defence Headquarters Operational Assessment team, sent by the Chief of Defence Staff, Adm. Ola Ibrahim, to the two states.
Olukolade said the team visited troop locations in various parts of Borno and Yobe States.
“The commanding officer narrated the conduct of the operation to rid the forest of the insurgents who had made the location their sanctuary.
Olukolade quoted him as saying that some notorious leaders of the terrorist had been captured while some materials recovered in their camp had provided useful intelligence for subsequent operations.
“The team was shown the various weapons, including rockets and locally fabricated weapon accessories captured in the forest”.
He said items included a large number of Improvised Explosive Devices making materials, laptops, mobile communication equipment used for shooting and posting online videos as well as locally made rockets and rocket launchers.
“Also, seized vehicles of different brands were shown to the team.
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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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