Business
Opara Decries Poor State Of Sea Ports In Rivers
Former Deputy Speaker, House of Representatives, Chief Austin Opara, has decried absence of business activities at the Port Harcourt sea ports Rivers State.
Opara, who spoke during the Peoples Democratic Party (PDP) campaign rally at Community Secondary School, Nkpolu Oroworukwo in Port Harcourt recently, said sea port was capable of employing over 5,000 people.
He stated that the Port Harcourt sea port was nothing to write home about even when a Rivers son in the person of Rt. Hon. Rotimi Amaechi is the Minister of Transportation.
According to Opara, “Look at our Sea Ports in the old Port Harcourt township axis not operational. That port will employ over 5, 000 people if it is operational. But today our sea port is nothing to write home about.
“Yet we have somebody from Rivers State who is the Minister of Transportation and the port under his purview is not operational,” he said, noting that the All Progressives Congress (APC) federal government has not done anything for the people of Port Harcourt and River State as a whole.
Opara commended the Governor Nyesom Wike for completing the roads in Ogunabali, Abuloma axis and the popular UTC junction which he said was left undone for years by the previous government.
“We are grateful. The roads in Abuloma, Amadiama are wearing a new look. If you did all these within four years, we imagine what you will do in another four years.
“We also want to thank you because Rivers State has been a PDP state since 1999, but they came with caterpillar, they came with tsunami, they came with stones to remove Rivers State from PDP but you (the governor) stood like a rock and insisted that the state is PDP.
“We are standing by you to say indeed the state will remain PDP,” the former deputy speaker, said, even as he reminded the people of Port Harcourt Local Government Area that what they owe the governor is an obligation of coming out to vote him massively on March 2nd to enable him continue the good works he is doing.
Dennis Naku
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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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