Business
‘Customs Has Not Slashed Tariffs On Fairly-Used Imported Vehicles’
The Tin-Can Island Command of Nigeria Customs Service (NCS) last Thursday said it had not slashed tariffs on fairly-used imported vehicles.
The Command’s Public Relations Officer, Mr Chris Osunkwo said in a statement in Lagos that there had not been any change in the tariffs prescribed by the management of the service for used imported vehicles.
“It is also important to emphasise that it is the prerogative of the Customs High Command to produce the valuation data base for used vehicles. “The Customs Area Command has no authority to tinker with it,’’ he said.
Osunkwo advised the public to discountenance any report that Customs had slashed the tariffs.
He described such reports as speculative and which could mislead the public.
The spokesman said that the deployment of the former Customs Area Controller of the PTML Command, Mr Zakari Jubril, to Tin- Can Island Command was a routine administrative change.
He said that the command recorded tremendous increase in revenue in May.
According to him, the increase in revenue was due to the administrative acumen of the new controller and the dedication of officers of the command.
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.
-
Niger Delta5 days agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Niger Delta5 days ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Nation5 days ago
Maternal Mortality: RSG Identifies 6 High Risk Local Government Areas
-
Niger Delta5 days agoOkpebholo Assures Corps Members Of Improved Welfare
-
News3 hours agoUrban Nigerians enjoy 40% faster internet than rural users — NCC
-
News3 hours agoTroops Kill Boko Haram Second-In-Command, 10 Fighters In Borno
-
News3 hours agoRivers Targets Economic Growth, Jobs Through Investor-Friendly Policies
-
News3 hours agoOne Dies As Customs Engage Smugglers In Gun Duel
