Business
Railways To Resume PH Operations, Soon
The Director of Operations, Nigeria Railway Coorperation (NRC), Ebute Metta, Lagos, Mr Samuel Elechi has said that train passengers are to enjoy the services of the Nigerian Railway corporation, soon.
Mr Elechi, who spoke with journalists in Port Harcourt recently noted that the corporation has made available all necessary logistics to ensure that the intra-city train service was brought back to life.
The Railway boss, hinted federal government has earmarked a huge sum of money for the planned rehabilitation of the railway system.
He revealed that work is currently going on at the Lagos-Kano railway as part of its determination to revive the services.
He further noted that the work was divided into two parts, adding that each company in charge of each division was expected to finish before the year runs off.
According to him, that of Port Harcourt is still pending, noting that the Federal Government has made available some funds for the running of an intra-city mass transit train service within Port Harcourt and its immediate environs.
Elechi blamed the delay of the Port Harcourt Railway partly on the rehabilitation work at Nwaja Bridge by the Rivers State Government.
Moreso, he revealed that the Federal Government has also imported about 25 brand new locomotives from General Electric in the United States of America, and said that the machines would soon be deployed to the rails, to commence services along Port Harcourt and Imo River.
He added that the locomotives have the capacity to carry about 1,000 to 2,000 metric tonnes of goods at a time.
The NRC director, maintained that there is no likelihood of suffering any hitches adding that the trains are to operate faster than before.
However, he lauded the federal government over its decision to rehabilitate the Railways, as he urged passengers to make good use of the opportunity available to them.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
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.
-
News2 days agoDon Lauds RSG, NECA On Job Fair
-
Transport11 hours agoNigeria Rates 7th For Visa Application To France —–Schengen Visa
-
Niger Delta8 hours agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Nation10 hours agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Niger Delta10 hours ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta8 hours ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Sports10 hours agoSimba open Nwabali talks
-
Oil & Energy11 hours agoElectricity Consumers Laud Aba Power for Exceeding 2025 Meter Rollout Target
