Business
813 Illegal Oil Refineries Destroyed In 2013 – NSCDC
The Nigeria Security and Civil Defence Corps (NSCDC) destroyed 813 illegal oil refineries and arrested over 1,590 oil-related criminal suspects in 2013, Dr Ade Abolurin, the Commandant-General, has said.
This is contained in a statement signed by CSC Okeh Emmanuel, the Corps’ Public Relations Officer, and made available to newsmen in Abuja, recently.
The statement said that 1,549 of the suspects were undergoing prosecution, while 44 had been convicted by a court of law.
It said that 176 suspects were also arrested for vandalising PHCN facilities, railway installations, telecommunication and water infrastructure.
According to the statement, items recovered from the suspects include transmission cables, water pipes, metal cables and PHCN amoured cables, amongst others.
It said that the corps had clamped down on kidnappers, illegal traffickers, terrorists, cyber criminals and operators of baby factories.
It added that the corps had also curbed the activities of vandals and illegal bunkerers.
The statement said the corps contributed toward the reduction of vandalism of critical infrastructure and national assets.
“It is our obligation to ensure safety of public infrastructure as the cost of replacement brings setback in economic development,” the statement quoted Abolurin as saying.
It called for partnership with stakeholders to protect the nation’s infrastructure.
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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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