Business
PHED Repairs Faulty Transmission Statetion In PH
The Port Harcourt Electricity Distribution Company (PHED) says it has completed repairs of faulty Elelenwo transmission station that led to outages in several parts of Port Harcourt.
PHED’s Manager, Corporate Communications, Mr John Onyi, announced this in a statement in Port Harcourt yesterday.
He said the station located in Elelenwo community supplied electricity to major economic areas of the city, including Onne Sea Port, and the Oil and Gas Free Trade Zone.
“We are happy to announce the restoration of Elenlenwo Transmission Station, which caused an outage that lasted for seven days.
“The station was discovered to have faulty direct connection and breaker which made it impossible to supply six outgoing 33/11 KV feeders at RSTV, Igbo Etche, Timber, Onne, Eleme and Elelenwo.
Onyi said that repair works were concluded by the company’s technical crew on May 13.
“So, as a result of the forced outage, customers at Oyigbo, Elelenwo, old Oyigbo, Onne, Eleme, Igbo Etche and some parts of Aba road were affected.
“PHED appreciates the patience of customers while the outage lasted. The company will continue to do its best to satisfy customers at all times,” Onyi said.
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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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