Business
Institute Urges Ethical Conduct Among Surveyors
The Vice Chairman, Nigeria’s Institute of Estate Surveyors and Valuers (NIESVs), Rivers State, Mr Hamilton Odom, has called for ethical practices among players in the construction industry.
Odom, who came up with this in a chat with The Tide correspondent, in Port Harcourt, Monday, noted the alarming rate at which professionals allowed themselves to be used in corrupt practices.
The NIESV’s boss expressed worry over a situation where a professional would insist on being the sole participant in a construction procurement and execution only because he was the designer of the project: “If he hadn’t padded the project budget why not allow some other persons partake in it?”.
Odom noted that costs of projects in Nigeria when placed side by side with other countries’, were found to be among the highest and “why should we Nigerians pay more for constructions?”.
He stated that the trend portrays Nigeria in bad light and gives the impression of unseriousness to foreign investors.
He pointed out that according to international best practice, the functions of design and supervision are separated from payment, and costing, adding that these functions are executed by different professionals.
He called for re-appraisal of the system to ensure the furtherance of Ease of Doing Business in Nigeria policy by the Federal Government.
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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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