Business
Ambode Seeks New Approaches To Economic Challenges
Governor Akinwunmi
Ambode of Lagos State said that there was the need for a paradigm shift in governance in tackling the challenges affecting all sectors of the state’s economy.
Ambode said this in a message to the opening of the 2nd Summit of the Association of Lagos State Retired Heads of Service and Permanent Secretaries (ALARHOSPS), with theme, “Sustaining the Tradition of Excellence”, in Lagos.
The governor, who was represented by the Deputy Governor, Dr Idiat Adebule, said that the new approach would help the state to meet the needs of the people.
He said that the shift had become more compelling with the dwindling resources and increasing need for social amenities and provision of infrastructure for sustainable development.
Amobde said that the administration established the association to bring retired senior technocrats with diverse knowledge and experiences to serve as advisers to government on governance, policy formulation, development and formulation.
“The state since its existence, almost 50 years ago, has lived up to its appellation as the naiton’s ‘Centre of Excellence’ and has grown to become a land of opportunities with an economy rated fifth largest in Africa.
“These giant strides would not have been achieved without the hard work and contribution of successive Heads of Service and Permanent Secretaries in the state.
“The challenge of governance, which is basically meeting the needs of the people, is dynamic. The challenges of today are different from those that were faced decades ago.
“Today, Lagos with a population of over 21 million people and still counting, is the third largest mega city in the world, with this, no doubt, it comes with peculiar challenges that affect all sectors of the state’s economy.
The Governor said the ‘Tradition of Excellence’, means evolving new ideas and the application of new strategies to solve new and evolving challenges for efficiency.
Also speaking, the State Head of Service, Mrs Olabowale Ademola, urged the association to help the government to monitor and report public opinion about policies.
Ademola appealed to the association to advise government on observed problems in the state.
In his remarks, the President, ALARHOSPS, Mr Kayode Anjorin, commended the present administration for its achievements and efforts in meeting the demands and expectations of the people.
Anjorin said that the intent of this year’s summit was to examine the economy and think ahead on what should be considered when planning the 2017 Budget to help the state government.
The Tide learnt that on September 1, 2015, Governor Akinwunmi Ambode formally inaugurated the association in Lagos.
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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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