Business
RSG Gives 14-Day Ultimatum On C of O
The Rivers State Gov
ernment has given a 14-day ultimatum to holders of Certificate of Occupancy (C of O) and other related documents to pay their ground rents.
The Special Adviser to the Governor on Lands, Chief Anugbum Onuoha, stated this in a statement released on behalf of the ministry of lands and survey.
It further said that the state Governor, Barrister Nyesom Wike, has graciously approved an extension of the date of acceptance and payment for Certificate of Occupancy, for allottees of plots of state land at GRA Phases 5 and 8 residential layouts.
The statement directed state leases to approach the office of the Permanent Secretary, Ministry of Lands and Survey, with evidence of the last payment and copies of their title documents to obtain ground rent notice for prompt payment.
It warned that any state leases who failed to comply with the directive on or before March 20, 2016 would have their Certificate of Occupancy and building revoked or cancelled.
It further advised allottees to plots of state land at GRA, Phases 5 and 8 residential layouts to visit the office of the special adviser to governor on lands at the state secretariat.
The statement further stated that allottees that have been issued letters of allocation should submit confirmed receipts of payment for proper processing of their certificates.
It warned that any allottee who failed to comply with the directive on or before April 6, 2016 would have his or her plot realocated.
Corlins Barasimeye/Chris Oluoh
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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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