Business
Fire Guts Truck At PH Fuel Depot
A tanker laden with refined Petroleum Product was on Sunday destroyed by fire at the Pipeline and product Marketing Company (PPMC) depot inside the Port Harcourt Refinery.
The fire, according to an eye witness, started at about 1.00pm.
The source who pleaded anonymity said that people were surprised to see the fully loaded truck burst into flame.
He said other tanker drivers within the vicinity of the depot tried to extinguish the fire with sand and water, but all to no avail.
He went further to say that distress calls to the Port Harcourt Refinery Company Limited Firefighters were not responded to early enough to put out the fire.
According to the eye witness, the fire may have resulted from an unfinished cigarette that was carelessly dropped by one of the truck boys.
When our reporter visited the scene, he was reliably informed that there were causalities during the inferno.
The truck was seen parked in an isolated area within the depot.
The Tide later sought the view of the PPMC management on the fire incident, but the reporter was told that all the management staff was out at the Okrika Jetty to assess the extent of another fire incident that occurred on the same day.
During a visit to the Independent Petroleum Marketers Association of Nigeria (IPMAN) The Tide met an official who refused to comment on the fire incident.
At the National Union of Petroleum and Natural gas Workers (NUPENG) Petroleum Tankers Unit (PTD) the Union’s official said, the Executive of the union are investigating the immediate and remote causes of the fire incident involving the said truck.
However, normal loading has commenced at the depot as the fire incident did not have any adverse affect on facilities at the depot.

L-R: Special Adviser to Lagos State Governor on Housing, Mr Jimoh Ajao, Commissioner for Housing, Mr Bosun Jeje and Commissioner for Information and Strategy, Mr Lateef Ibirogba, at a news conference by the Commissioner for Housing on the activities of the ministry in Lagos, recently.
Philip Okparaji
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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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