Business
Bauchi To Spend N395m On Electrification Project
The Bauchi State Government has approved N395million for the electrification rehabilitation of some communities in Alkaleri and Misau Local Government Areas (LGAs) in the state.
The Special Adviser on Media and Strategy, Mr Ali Mohammed made the disclosure in Bauchi on Monday while briefing newsmen at the end of the state Executive Council Meeting.
Mohammed said that N162million was approved for rehabilitation of damaged high tension lines in Misau –Giade axis while N114million was for electrification of Sha Iska-Yalwan Bako-Pali villages.
He said that N119million was also approved for the electrification of Jalingo –Yalo- Masuri communities all in Alkaleri LGA.
The council has also approved N149million for the completion of two storey buildings with boys’ quarters in the College of Nursing and Midwifery for medical officers in the state, he added.
Ali disclosed that the council had renamed the College of Education in Kangere to Adamu Tafawa Balewa College of Education after the renowned political and illustrious son of the state.
According to him, the council also adopted six books earlier reviewed by the present administration to improve on civil service regulations in the state.
Reports say that some of the books were last reviewed in 2001 which includes the store regulations and policy on disposal of official vehicles.
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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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