Business
NEMA Allays Fears On Suspected Fuel Leakage
The Information Officer,
National Emergency Management Agency (NEMA), Mr Ibrahim Farinloye, has allayed the fears of the Ijegun-Imore community in Lagos over another suspected leakage from the repaired pipeline.
Ijegun-Imore had been in the news for sometime now because of some ruptured NNPC pipelines which led to the evacuation of the residents.
Speaking with newsmen in Lagos Farinloye assured the residents that there was no cause for alarm as it was normal to see such liquid during the clearing of pipelines.
“There is nothing serious. The NNPC people said they are just flushing the pipeline; it is a normal process that they pass through when they are clearing the pipeline in order to start pumping fuel, he said.
According to him,“it is also the point where the vandals damaged and they are rectifying the points so that they can start the process of pumping through the pipelines.’’
The spokesman for the community, Chief Nurudeen Olu-Fatumbi, said that the NNPC and NEMA had repaired the ruptured pipelines and assured them of their safety before the latest sudden leakage.
“It was late in the evening about 10.30 p.m. when we noticed people running to the spot with kegs and rubber containers. But we had to stop them and raised alarm for the security guards to barricade the place immediately,” spokesman stated.
“ We were later told it was diesel and not petrol as was the case during the first leakage. But they have now spotted the point and are now working on it,’’ Olu-Fatumbi said.
Our correspondent observed that the residents had returned to the community after the petrol spill from a ruptured pipeline on January 26 and some NNPC staff were seen monitoring the situation in the community.
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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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