Business
NULGE Lauds Scrapping Of Joint Account
The Secretary of the Ni
gerian Union of Local Government Employees (NULGE),, Abua / Odual LGA chapter of Rivers State, Comrade Imabin Dagogo, has lauded the Senate over its proposed scrapping of State and Local Government Joint Account.
Dagogo who expressed his delight over the development in a telephone interview with The Tide on Wednesday said the move if perfected would save the third tier of government across the country from the strangulation of the councils by some state executives.
He expressed the hope that the Senators would do an objective job on the matter in order to gain the confidence of the people they represent.
A cross section of residents of Port Harcourt and elsewhere who spoke to The Tide over the matter expressed mixed feelings about the proposed scrapping of the joint account.
While some said the move would linger unnecessarily others where of the view that the Senate was sincere in the process of the amendment of the 1999 constitution to enable it affect the proposal.
It could be recalled that the President of NULGE Ebonyi state chapter, Mr Leonard Nkah had earlier in Abuja commended the Senate for the proposal. Deputy Senate President, Ike Ekweremadu, who is also the chairman, Senate Committee on Constitutional Review has said that the joint account was abolished to ensure effective service delivery.
He also noted that the abolition was to “rescue local governments from strangulation by state governors”.
The Senate Deputy President also stated that section of the proposed amendment provided for a uniform three year tenure. The section also provides that “Local government without a democratically elected council shall not be entitled to revenue from the federation Account”. Nkah said that the Senate’s position was commendable, adding that the National Assembly, since 2003, had not disappointed Nigerians on the issue of local government autonomy.
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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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