Business
Urban Renewal, Collective Responbility – Igwe
The concept of Urban re
newal of Port Harcourt city and its environs should be a collective responsibility.
The Commissioner for Urban Development and Physical Planning,Hon Chinyere Igwe who stated this last Saturday when he appeared in a radio programme ‘view point’ explained the need for people to strictly adhere to the Government Law against illegal structures, illegal street trading, illegal motor parks and buildings without approval.
The commissioner noted that the ministry has ended its first phase which was advocacy and public enlightenment campaign and is in the second phase which is implementation.
According to him,’’We consider advocacy and public enlightenment to intimate the public against illegal street trading and illegal motor park’’.
Igwe revealed that the ministry has to inaugurate Urban Guards at strategic areas to regulate and make people stop street trading and illegal motor parks.
The Commissioner warned that the ministry has commenced enforcement, stressing that those who contravened the law were already facing prosecution before the Port Harcourt magistrate court.
“On assumption of office six months ago, the ministry held several meetings with the stakeholders; Road Transport Workers, Union Market, Traders Association, Chambers of Commerce and Industrial and Estate professionals to contentiously streamline issues that would implement the Rivers State Government Urban Law 2003 and the National Building Code for proper implementation and bring back Port Harcourt City and its environs to its glory’’.
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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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