Business
Environmentalist Canvasses Industrial Support For e-Waste
An environmentalist, Dr
Idris Goji, has solicited the support of industries on the management of electrical waste (e-waste) in the country.
Goji told newsmen in Abuja that e-waste had become a big problem because of the country’s increasing population.
Goji, a Deputy Director in charge of Chemical Management in the Federal Ministry of Environment, said that the influx of e-waste in Nigeria was becoming alarming.
He said that the ministry has been pro-active in handling this challenge through its Waste Electrical Electronic Equipment (WEEE) waste project.
The director said that effective management of e-waste would also boost green industry.
According to him, green industry is producing environmental-friendly products or products which should help improve natural conditions.
“Green industry operates under the principle that there is no risk to the society, meaning that all those things that are injury to the environment and people, the industry knows and controls it.”
The expert said that the management of e-waste required a collective effort, noting that the Federal Government would not be able to handle it alone.
“We need our industries to support the effort of the government because of the interest of their products as well.
“If we have such support, it will add value to the outcome of research and implementation of government’s policies and their industrial output,” he said.
Besides, he urged Nigerians to support companies to embrace green industry, adding that there a lot of benefits from recycling their wastes.
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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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