Business
Agency To Establish More Dry Ports
The Chief Executive Secretary, Nigerian Shippers Council (NSC), Mr Hassan Bello, last Monday said the council was committed to establishing more dry ports to boost commercial activities in the country.
Bello said this in Abuja at the signing of a Memorandum of Understanding (MoU) between the NSC and Multi-trade Ltd. on the development of a dry port in the country.
He expressed hopes that one of the ports would be established this year, adding that they would help in reducing the movement of articulated vehicles in and out of Lagos ports.
“No matter how you clear your cargo if you have not taken it out of the port area then nothing has been done.
“The reason for the establishment of the ports will be to reduce the traffic which has been giving us problems and causing potholes on the roads.
“I hope this MoU will solve most of the problems we have in movement of cargo from the port especially, within the Lagos area,” he said.
He said that the port would be connected with the road, the rail and the inland water.
He said that the council was committed to facilitating commercial activities, particularly in the area of reducing the cost of doing business.
Earlier, the Managing Director, Multi-trade Ltd., Alhaji Alhassan Dantata said that the dry port would decongest traffic on Oshodi-Apapa express way, and communities where ports were located in Lagos.
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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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