Business
Stakeholders Seek Investment For Aviation Industry
Aviation stakeholders have urged the Federal Government to encourage airline operators through investing more in the aviation industry.
The stakeholders made the call in Lagos at a conference organised by the publishers of an aviation magazine “Business Traveller Africa (BTA)’’.
The theme of the conference, “Strengthening Business Travel in West Africa’’, according to BTA editor, Mr Dylan Rogers, called on the government to consider partnering with both local and foreign airlines operators to drive the industry forward.
“Aviation business is very big and wide. It’s all about money; government should subsidise and float a National Carrier.
“This will benefit the country and its citizenry. The floating of the carrier will make it more affordable for citizens to fly and have faith in the industry,’’ Rogers said.
He also urged the government to promote the ‘Open Sky’ Agreement in such a way as to enable local airlines compete favourably and give air travellers room for choice.
According to him, the government should focus more on air safety to bring back the confidence of Nigerians in flying, as the recent Dana plane crash had affected local flights.
Also speaking at the conference, the Sales and Marketing Director, ExecuJet, Mr Stephen Paddy, urged the government to provide facilities for smooth operations to encourage investors.
“Local airlines do not have the huge capital to train and retrain their staff, and at the same time, provide facilities that the government should have provided,’’ he said.
Paddy said that airline operators should collaborate with the government to set rules and regulations to govern the aviation industry.
He advised foreign airlines to understand the rules by their host countries, to enable them work better with the people and the government.
In his comment, Mr Tayo Orisadare, a consultant with Knights and Wrights, said government should take local airline operators into consideration in signing Open Sky Agreements.
“The local carriers should be able to operate as best as the foreign airlines. They should be empowered before an Open Sky agreement is operated in a country,’’ he said.
Orisadare also called on the government to provide infrastructure and an enabling environment for local airlines to operate smoothly.
He urged Nigerians not to lose confidence in flying local airlines, saying there was a future for local airlines in Africa.
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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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