Business
FEC Aproves N1.7bn For Customs Surveillance Aircraft
The Federal Executive Council (FEC) on Wednesday approved
N1.7 billion for the procurement of surveillance aircraft for the Nigeria
Customs Service (NCS).
Information Minister Labaran Maku disclosed this while
briefing State House correspondents on the outcome of the council meeting
presided over by President Goodluck Jonathan.
He said that the aircraft was to facilitate effective
surveillance and management of the country’s borders to deal with economic sabotage
and other cross-border crimes.
Maku said that the aircraft, Cessna Citation CJ4
Acquisition, would be fitted with surveillance equipment, photographic and
communication gadgets for detection and nipping-in-the-bud activities of
smugglers.
Speaking in the same vein, the Minister of State for
Finance, Dr. Yerima Ngama, said the ministry presented the memo for the
procurement of the aircraft on behalf of the customs.
He said that the purchase of the aircraft would go a long
way in curbing smuggling and blocking the loopholes being used by economic
saboteurs.
“The efforts of our men on ground can only be successful if
they have air coverage and that is why we brought this memo to acquire this
aircraft which is equipped with satellite communication equipment that can
actually survey the border unseen from the ground.
“It can also communicate with the men on ground to tell them
that in this area or that area we can see illegal movements of vehicles.
“We have defined points, where the customs men can actually monitor
movement across our borders, but Nigeria is very big, you cannot have our
custom men at each point of the border.
“Therefore, the air coverage is actually a strategic move to
ensure their effectiveness.”
It will be recalled that the FEC had on May 9, approved N3
billion for the procurement of two high-speed patrol boats for the customs
marine operations.
The boats are also to be used to check the activities of
smugglers in the Nigeria’s water ways.
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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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