Business
Tin Can Trailer Park, 80% Complete – Official
The Federal Controller
of Works in Lagos, Mr Godwin Eke, has said the construction of trailer park meant for 378 trucks at Tin Can Island had reached 80 per cent completion.
Eke told reporters in Lagos that other facilities which were part of the project, put the entire project completion to 80 per cent completion.
He said that a few truck stands had yet to be to be completed.
“The Work is ongoing there; we have achieved more than 80 per cent completion.
“The trailer park as it is now, we only have a few truck stands for the place to be operational, but there are certain things that we need to put in place before we can open the trailer park.
“We need to fence it round for security reasons, we need to install gates so that all unwanted trucks cannot just enter and go out of the place.
“ We also need to complete the access bridge so that trucks coming from Apapa quays can access the park when they are coming from Apapa.
“We have just 12 truck stands to go, if it is the truck park alone we have achieved more than 96 per cent
“But there are some other ancillary facilities we need to put in place like fencing and gates and barriers.“
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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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