Business
IRS Airlines Crashes In Niger Republic, Crew Survive
A Folker 100 belonging to IRS airlines last Saturday night crashed in the Republic of Niger.
General Manager, Corporate Affairs of the Nigerian Civil Aviation Authority (NCAA), Mr Fan Ndubuoke, confirmed the incident to our correspondent in Lagos yesterday.
He said that the plane crashed at about 8.00 p.m. on its way back to Kano, after completing a C-Check.
The general manager said that the aircraft lost contact at Ganla in Niger Republic, adding that Niamey air control tower had been informed.
Ndubuoke noted that the aircraft, with registration number 5NSIK, was carrying two crew members on board.
He however said the two crew members survived the crash.
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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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