Business
Kaduna Port Depot Manager Worried Over Poor Patronage
The Depot Manager of
Kaduna Inland Container Company, Mr Ahmed Toyin has expressed concern over poor patronage of the port.
Toyin told our correspondent in Kaduna last Monday, that the problem was due to the closure of many industries in the state.
He said that the situation was a major challenge, but expressed optimism that activities would soon pick up with the revival of the rail system.
Toyin advised those in port business in Kaduna to patronise the company to get efficient services.
He promised that the port would effectively transfer containers from seaports to the depot without the usual frustrations associated with such procedures.
Toyin said the company would clear containers from the sea ports and take them to the dry port within three days.
“We assist you to clear your goods at your convenience with less cumbersome documentation processes,’’ he 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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