Business
Building Collapse: Fashola Wants Defaulters Jailed
The Minister of Power, Works and Housing, Mr Babatunde Fashola (SAN), has said that jailing any professional responsible for collapsed building would serve as deterrent and prevent reoccurrence.
Fashola made this assertion in Abuja when he appeared at a media forum.
“How many professionals have been jailed for collapsed building?
“Once you jail a professional in the same way you sanction a medical officer for negligence of conduct with regard to his patients or a legal practitioner with regard to his clients, then you have sent the clearest message that those who build houses for people owe a duty of care to ensure that they build according to approved design and specifications.
“And that the approved design standard are also followed to the letter, you don’t short-change your materials,” he said.
The minister stated that there must be consequences when people violated the National Housing Code, adding that it was not the responsibility of the ministry rather a law enforcement that could assist us.
Speaking on affordable housing, he recalled that the board of the Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA) were recently inaugurated to boost it.
Fashola said that the two were important agencies to help government deliver on the policy of affordable housing, noting that the FMBN was saddled to finance while the FHA was to build.
“By the time I started, it seemed that the two agencies are competing so we are trying to realign that, we are also engaging the support of states to come unto the National Housing Fund (NHF).
“We also want to extend the impact of NHF to cooperatives for unions, artisans among others, so that we can have non-governmental workers too contributing to the fund and benefiting from it.
“We are looking at the possibilities whereby cooperatives, can also take housing fund loan and build houses for their members”, Fashola said.
This, he said, could go a long way to reduce the housing deficit and make housing affordable to all.
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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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