Business
Committee Probes Vessels’ Explosions At Ports
A committee set up by the
Minister of Transportation, Sen. Idris Umar, last Wednesday commenced investigation into the causes of explosions in two Nigerian ocean going vessels.
President, Marine Board of Inquiry, Mr Nureni Kuranga, who presided over the meeting in Lagos said that the investigation was fact finding and to advise on ways to avert recurrence.
The Tide source reports that a vessel, discharging petroleum products at Bonny, River State, caught fire and exploded on September 30, 2012.
Another incident occurred on Jan. 9, 2013, when an oil barge discharging petrol at the MRS Oil and Gas tank farm jetty, caught fire and exploded within the Tin Can Island Port in Lagos.
“We are here to investigate and establish the circumstances that led to the fire incidents and the subsequent explosions involving the MT African Hyacinth and Barge S.215 and MRS Jetty,’’ Nuranga said.
He said that the body would investigate and establish the owners of the vessels and those connected with it.
Kuranga said that the board would further identify and cross examine the crew members on board the vessels at the time of the incidents.
He said that the board would establish the causes of the incidents, circumstances and the crew members on board the day the incident occurred to determine the veracity of the report on the dead persons.
“We will assess the compliance of such vessels with standard prescribed by the Port State Control and ISPS Code as well as make appropriate recommendations,’’ he said.
Kuranga urged stakeholders to provide evidence that would help to make good recommendations toward averting recurrence.
He ordered the Chief Security Officer of MRS oil to appear before the panel to avoid a bench warrant.
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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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