Business
PTAD Begins Digital Verification For Pensioners
The Pension Transitional Arrangement Directorate (PTAD) has begun a digital verification programme to fish out ghost and dead government pensioners under the directorate.
Unveiling the ‘I’m Alive’ Confirmation Solution on Friday in Abuja, the directorate noted that the verification exercise would begin with the Police Directorate from April 14 to October 13, 2023.
The technology solution is an online platform designed to enable pensioners under the Defined Benefits Scheme to easily confirm they are still alive from the comfort of their homes or neighbourhood, using a smartphone or a computer system.
During the unveiling, the Executive Secretary of PTAD, Dr Chioma Ejikeme, said the technology would reduce the cost and stress of the old field verification method.
She said, “Continuing with periodic field verifications to ascertain the aliveness of our pensioners is not only expensive both for the pensioners and government, but is also a stressful exercise for our senior citizens.
“Looking for a solution that would eliminate field verifications became imperative and gave birth to the’I Am Alive’ Confirmation Solution.
“We wish to use this opportunity to assure our esteemed pensioners that the ‘I Am Alive’ Confirmation Solution has been designed with their utmost welfare in mind, leveraging on accuracy, reliability, user-friendliness and convenience.
“PTAD has over the years promised that the era of bringing out our aged pensioners for field verification is over, and we are standing by this promise”.
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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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