Business
Activist Tasks FG, Militants On Dialogue
An Activist, Mr
Edwin Okolie, has called on militants in the Niger Delta region of the country to embrace peace in order to fast- track development in the area.
Okolie who is also a United Nations Peace Ambassador further called on the militants to lay down their arms and embrace peace.
The activist who spoke to newsmen in Port Harcourt during the celebration to mark the World Day of Peace last week urged the youths in the region to embrace the negotiation processes initiated by the federal government.
He called on them to take advantage of the government’s good gesture in order to avoid and prevent further destruction of the economy.
Apart from the destruction of the nation’s economy, the region would be backward in the area of infrastructure development.
He recounted that the region was known for its hospitality in times past and wondered what has gone wrong.
“Niger Delta was the hub of hospitality before, apart from the fact that the region is the goose that lays the golden egg.
According to the UN Ambassador, the region remained the treasure base of the nation despite its underdevelopment.
“They are the treasure base of the nation but today because of violence, a lot of things that are supposed to be ours are no longer here with us”, he said.
He further appealed to whoever was involved in militancy irrespective of gender and age to embrace peace.
He reiterated that there could be no meaningful development in an environment that has been enmeshed in violence.
“We are using this opportunity to appeal to both boys and girls, men and women and even children to embrace peace.
“I also want our brothers and friends in the creeks to embrace peace since the government is trying to initiate dialogue. Let them do that so that investment and the peaceful lifestyle we used to enjoy in the region will return particularly in Port Harcourt”, he said.
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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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