Business
Airline Maintains Four Pilots With N67.5m
The Director-General, Nigerian Civil Aviation Authority (NCAA), Dr Harold Demuren, said last Tuesday in Lagos that an airline in Nigeria spent an average of N67.5 million annually to maintain four pilots.
He spoke at a seminar entitled “Transformation Agenda: The Emerging Opportunities” organised by the Full Gospel Business Men’s Fellowship in the aviation sector.
“An airline with about four aircraft will spend an estimated 450,000 dollars (N67.5 million) on its pilots annually.
“We are losing so much money to foreign countries annually for routine maintenance carried out outside the country.
“This is due to the fact that we do not have any company where these checks can be done,’’ Demuren said.
The NCAA chief noted that the lack of training facilities for pilots in Nigeria had compelled them to travel abroad for recertification.
He said part of the whooping sum was usually used for the maintenance of hangars, establishment of ground handling companies and aviation training schools.
Demuren urged Nigerian businessmen to take advantage of emerging opportunities in the sector by providing recertification and aircraft simulator training test for pilots operating in the country.
“It is a surprise that the level of growth being experienced by our airlines is not supported by corresponding infrastructure development,’’ he added.
Dr Sam Ohuabunwa, the guest speaker and former chairman, Nigeria Economic Summit Group, urged Nigerians entrepreneurs to invest in public infrastructure and mechanised farming as a means of creating jobs.
He lauded the transformation agenda of President Goodluck Jonathan for all sectors of the economy, including the aviation sector.
“The transformation agenda will achieve a progressive growth for the country,’’ Ohuabunwa said.
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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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