Business
Gov Promises Not To Retrench Workers
Governor Abdulfatah
Ahmed of Kwara State has assured that the state government will not sack workers in spite of the present challenges in the country.
Ahmed gave the assurance when he received the Emir of Ilorin, Alhaji Ibrahim Sulu Gambari, who paid him the traditional Sallah visit at the Government House in Ilorin on Wednesday.
He appealed to the people of the state to show understanding and cooperate with his administration in the bid to overcome economic challenges..
“I’m concerned; I’m touched. I feel more than you feel because I’m supposed to make you happy and comfortable, even if it means making myself uncomfortable”.
He told the emir that contractors had received N1.7 billion to enhance infrastructure development in the state in line with government’s resolve to cushion effects of the economic recession.
The governor, therefore, assured the people that the state government’s newly introduced Kwara Infrastructure Fund would ensure that contractors were paid quarterly upon certification of their works.
According to him, the newly procured asphalt plants by the government will soon be inaugurated.
He said that all bad roads across the state would be fixed while new ones would be constructed.
On mass transportation, Dr Ahmed said 12 luxury buses would be procured to ply major roads across the state.
He also said that the government would obtain N700 million from the World Bank to boost primary health care.
Ahmed attributed the increase in the execution of projects to reduction in the cost of governance by 40 per cent.
Earlier, Gambari called for intensified prayer for the success of the country’s leaders as their actions or inactions would impact on the wellbeing of the citizenry.
He advised government to invest more on agriculture so as to ensure sustainable food security in the country.
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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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