Business
Amnesty Office Cautions Against Contract Racketeering
Specil Adviser to the President on Niger Delta, Prof. Charles Dokubo, has warned contractors who have been awarded jobs by the Presidential Amnesty office to implement the contracts in line with the terms of agreement or risk losing them.
A statement issued by Murphy Ganagana, Special Assistant (Media) to Dokubo stated that the warning became necessary following increasing reports on sale of contracts awarded to some of the companies.
Dokubo, who is also Coordinator of the Amnesty Programme, noted that the action of the contractors were in breach of contract agreements with the Amnesty Office.
The amnesty programme boss was also quoted as saying that the contracts awarded by his office were meant for the training and empowerment of beneficiaries of the programme in line with its core mandate and objectives.
“It is illegal and criminal for a contractor to be awarded a job and then he goes behind to sell the contract to another individual or company.
“As part of the terms of agreement for contracts awarded by the Presidential Amnesty Office, a contract is not transferable; it should be satisfactorily implemented.
“Henceforth, any company that engages in sale or contract racketeering after securing a job at the Presidential Amnesty Programme shall have the contract revoked.
“Contractors are advised to be guided accordingly and adhere strictly to contract terms,” the statement quoted Dokubo as saying.
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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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