Business
NRC, Stakeholders Brainstorm On Improved Services
The Nigerian Railway Corporation (NRC) and various stakeholders in the transportation and distribution matters have brainstormed on issues of that can improve the transport mode.
The meeting was organised in Lagos recently by NRC in collaboration with Connectrail Services.
Director of Operations, NRC, Mr. Niyi Alli, stressed the importance of such gathering as provided the opportunity to discuss issues germane to the development of the industry.
Alli, who noted that it was high time the railway sector moved to the next level, lamented that railway transportation system in the country was not really offering haulage services as a result of neglect over a long time.
He stressed that with the revamping and transformation going on in the sector, railway had been repositioned to start offering better services as well as driving customers’ satisfaction, especially in the haulage of goods.
He said, “As we get to the market, we will continue to develop and improve on our fleet size, with adequate security to secure our goods. We also have key performance indicators to manage our systems.
“This gathering is very important as we need to carry all the stakeholders along on how these services can be utilised well. These are the initiatives we will be reaching at in the future.”
He also disclosed that the corporation had positioned standby locos in strategic locations with 600 to 700 tonnes on a train as well as six-day light hours to offload, adding that two cranes that would facilitate operations would be procured before the second quarter.
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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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