Business
Diobu Residents Lament Six-Weeks Blackout
Some residents of
Diobu, in Port Harcourt the Rivers State capital have lamented what they described as continued blackout in the area.
They alleged that for over six weeks they had remained without electricity supply and urged authorities of the Port Harcourt Electricity Distribution Company (PHED) to come to their aid.
The affected areas are Wokoma, Elechi, Ojoto, Ekwulobia, Osina, Owo Streets in Mile III Diobu.
Mr Nwankwo Irondi, a resident of Ojoto said the continued blackout was frustrating both social and business activities in the area.
Also responding, Jude Ekeala who resides on Wokoma street told The Tide that the blackout was as a result of faulty transformer and that appeals to PHED to replace the transformer or fix the fault had continued to fall on deaf ears.
Ekeala said the situation had been compounded by the scarcity and attendant high cost of petrol to enable them use their generators.
Efforts to contact the manager Corporate Communitions of PHED, Mr Jonah Iboma, was unsuccessful as he was not in office when our reporter called on two occasions.
However, a reliable source from the company confirmed the blackout and attributed it to bad transformer adding that efforts were on to fix the transformer.
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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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