Business
Bizman Tasks NDDC On Primary Assignment
The Niger Delta
Development Commission (NDDC) has been charged to pay more attention to community development as part of its primary assignment.
The Director, Blessed Toby Service, Chief Anenyenwo Tobias, gave the charge during an interview with journalists, Monday in Port Harcourt.
He said close checks on the Niger Delta Communities revealed almost a total departure of the commission from its primary responsibility.
Tobias, explained that the oil bearing communities in the country would have been in a better shape if the agency was bent on its task.
According to him, political partern of contract awards was part of the challenges rocking the NDDC, saying unless such lacunae are removed, the commission may make no headway.
He noted that road projects would not have continued to be a major challenge in the Niger Delta, if not for the negligence of the commission.
The businessman also called on President Goodluck Jonathan to monitor closely the activities of the agency as to enable him find out some grey areas in the place.
He pointed that the agency was not conduit pipe but set up to meet and address the challenges of the grassroots people of Niger Delta.
Furthermore, he called on the management of the Commission, to try and add to the agency by introducing innovations that could move it forward.
On his assessment of the commission, he said they are below average and need to live over board as to meet up with the increasing yearnings of the people.
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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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