Business
Lawmaker Wants FG To Fix Lagos-Badagry Expressway
A member of the Lagos State House of Assembly, Mr Setonji David, last Sunday urged the Federal Government to rehabilitate Lagos- Badagry Expressway to end the hardship of people plying the road.
David, representing Badagry Constituency II at the Assembly expressed dismay over the non-completion the road in an interview with newsmen in Lagos.
According to him, the government must not delay in rescuing residents of the area from hardship and suffering due to the sorry state of the road.
“The state of the road is to say the least, very deplorable. That road is a major road in Lagos State and in Nigeria.
“It is the only road that links Lagos State to other neighbouring countries. It is unfortunate that the situation of that road now is deplorable.
“The condition of that road is nothing to write home about.
“No one can imagine that such a road, as important to Lagos and Nigeria as a whole is in such a very deplorable state.
“There are potholes everywhere and transversing it from Lagos to Badagry can take three hours, a journey that should not take more than 45 minutes.”
“People are suffering on this road, especially the motorists.Everybody is complaining.
“This road has been there for over 30 years. It is due for reconstruction but in the meantime let the government do something to rehabilitate it.’’
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Business
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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