Business
Commuters, Eleme Indigenes Hail East-West Road Reconstruction
Commuters and indigenes
have expressed gratitude to the Rivers State government for embarking on the reconstruction of the Eleme axis of the East -West Road.
A cross section of them who spoke to our correspondent recently , hailed the reconstruction effort of Governor Nyesom Wike shortly after assuming office as governor of the state on May 29, 2015.
According to Romeo Benson, a trailer driver, any time he was assigned to deliver or receive goods, he was always tempted to feign one ailment or the other. But since the reconstruction began, he always looks forward to being called up for duty.
A commuter, though an indigene of Eleme who gave his name as Silas and works in Port Harcourt said he was tempted to look for accommodation in Port Harcourt due to the bad state of the road.
But ever since rehabilitation of the road began, he has shelved the idea.
However, a civil engineer, Mr Godfrey West who spoke to our correspondent said many state governments shied away from roads construction as they were capital intensive.
West opined that since it was so, Wike should be mindful of the enormous resources needed to accomplish the task he has embarked on in order to be on the good side of history.
Furthermore, our correspondent gathered that the governor had sought the imput of major companies which the road was playing host, to contribute toward the reconstruction effort in terms of cash and materials.
Confirming such development, the caretaker committee chairman of Eleme Local Government Area, Mr Philip Okparaji who spoke to our correspondent named such companies to include INTEL Eleme, Oil and Gas Free Zone, Indorama Group, Port Harcourt Refinery Company, Nigerian Ports Authority (NPA) and West African Containers Terminal, amongst others.
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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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