Business
LG Boss Unfolds Blueprint For Economic Revival
Caretaker Committee Chairman of Opobo/Nkoro Local Government Area of Rivers State, Sir Boma Brown has made public his plans to revive the local economy of the local government area through cooperatives, skills acquisition and youth empowerment.
Speaking while inaugurating CTC members in Opobo Town, headquarters of the LGA, Brown said his vision is to fight poverty through empowerment so as to achieve the Nyesom Ezebunwo Wike vision in the local government area.
“We believe that with support for productive activities through cooperatives and other economic programmes, we will be able to revive our local economy and attract investments”, Brown said.
He also promised to tackle cultism and drug abuse through youth empowerment and vocational training.
In the light of these, he announced the commencement of a free skills acquisition scheme for all youths, men and women in the area.
Brown used the event to seek the support of council workers toward achieving set goals, as he commended security agencies, traditional institutions and stakeholders for their efforts in maintaining peace in the local government.
Meanwhile, member representing Opobo/Nkoro State Constituency in the State House of Assembly, Hon Adonye Diri has expressed confidence in the Brown’s CTC-led administration to touch the lives of the grassroots people.
Diri described the new caretaker committee chairman as a leader ready to sacrifice his comfort for others.
On his part, representative of Opobo/Nkoro Traditional Rulers Council, Chief Rogers Oroni urged Brown to always work in synergy with traditional rulers to move the local government forward.
Speaking on behalf of Opobo Title Holders Association, Amaopussenibo Bobo Brown urged the local government chairman not to relent in fulfilling his promises to the people.
Similarly, a stalwart of the Peoples Democratic Party in the local government, Sir Igoni Park challenged Brown not to relent, as much is expected of him.
Among those inaugurated were Adelaide Peterside, Patience Fubara, Gordy Pepple Meshach Jaja, Bestman Idatoru and Jeremiah Gondu.
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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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