Business
Publish Names Of Fraudulent NDDC Contractors, Arewa Leader Tells FG
The leader of Arewa in the South South, Alhaji Musa Saidu, has urged the Federal Government to publish names of contractors found wanting in the recently concluded forensic audit of the Niger Delta Development Commission (NDDC).
He also called on President Muhammadu Buhari to constitute the NDDC board which has been cleared by the National Assembly
Saidu who disclosed this while speaking to newsmen at the weekend, said publishing the names of such contractors would serve as a deterrent to others that may want to divert government’s funds released for projects across the country.
He said that government should ensure that those found wanton are also prosecuted for their actions against development in the Niger Delta region.
“They should publish the names of all found wanton in the audit. They should also constitute the board. Now that the forensic audit has been concluded, the next thing should be to constitute the board.
“The people should also know those that abandoned projects in the region after they have been paid.
“We know many people in government are involved, and also many claiming to be activists are involved. Traditional rulers may also be involved. If President Buhari is fighting corruption, then he should take steps to make public the names of those found wanting in the contract scam”, he said.
The Arewa leader also enjoined northern leaders that visited Governor Nyesom Wike to appeal to the governor to protect the business of northerners living in the state.
He said he had tried to reach the governor with some other northern leaders in the state to discuss some of the challenges northerners were currently facing doing business in the state under his administration but that they had not been granted audience.
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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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