Business
Monarch Hails Wike Over Project In Omuma
The Eze Eberi Ugo IX of Eberi Omuma Kingdom, King Onyekachi K. Amaonwu has commended the Rivers State Governor, Chief Nyesom Wike over the commissioning of the 17 kilometer Umueze/Umuogba/Eberi Link Road.
Amaonwu gave the commendation during the project commissioning at Eberi Omuma in Omuma Local Government Area, recently.
The monarch, who is also a trained lawyer, pointed out that Governor Wike’s decision to construct the Umuakali and Eberi Road was a laudable feat.
“Governor Wike has shown that he is not only a man of action but a man of his words. If nothing else, those accusing him of only performing in the urban areas should keep quiet. He is an all round performer”, he said.
He said the best way to appreciate the governor was for the people of Omuma and Rivers citizens at large to embrace peace, adding that the Rivers people have not had it this good under a second term administration.
“We have seen a governor who is doing more projects in his second tenure in office .This is unprecedented in the history of Nigerian politics”, he said.
The traditional ruler, who is the Chairman of Omuma Council of Traditional Rulers, called on other political leaders in the country to emulate Governor Wike in order to move the nation forward.
He said the recent approval secured by the governor to site a Law School in the state was one of the best achievements by any administration in the state.
The monarch, therefore, urged Nigerians to support Governor Wike in his future political ambition for a more purposeful leadership.
“The governor is still young and vibrant and has a lot to offer this country at any level. We should not allow any sentiment to make us lose such a man,” he stated.
King Amaonwu also canvassed support for the member representing Omuma constituency in the State House of Assembly, Hon Kelechi Nwogu, calling on Omuma people to continue to give him their unalloyed support.
By: King Onunwor
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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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