Business
Commissioner Explains Gains Of Cash Book
In line with the rules and
regulations of local government administration, the Rivers State Commissioner for Local Government Affairs, Mr Samuel Eyiba, has stressed the need for the use of cash books in the local government day-to-day business and administrative activities.
He said this last week during official visit to Okehi the Headquarters of Etche Local Government Council.
Eyiba, noted that if such policies are followed, all the bottle necks associated with local government administration would be taken care of.
The commissioner said that financial tracking is one of the gains of cash books, saying that it helps the financial activities to be intact.
He argued that it also helps to regulate expenditure, as well as the culture of keeping proper financial record.
The Ekeye politician, who noted the deplorable nature of Etche road, promised to communicate same to the appropriate quarters, assuring that something tangible would be done soonest.
He recalled that he visited the council to enable him fine tune things and proffer remedies where necessary.
The Local Government Affairs boss commended the dedication of the Elga workers and expressed hope that they would soon enjoy the construction of internal roads.
Also speaking, the Caretaker Committee Chairman of ELGA, Hon Charles Anyawu, maintained that bad road was the greatest challenge of the council.
He regretted that the council could not do much as to improve the bad nature of the road, but pleaded with the commissioner to urgently channel their plight to the appropriate quarters.
Anyawu, however, praised the commissioner and his team over their dogged decision to tour round the 23 LGAs of the state, as he prayed God to always guide and protect them.
It would be recalled that the visit to Etche LGA last week, has brought the number of LGAs visited so far to five with 18 yet to be visited.
Emmanuel Okon
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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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