Business
Expert Wants Infrastructure To Boost Water Transport
A shipping expert, Mr
Ayorinde Adedoyin, yesterday urged the Federal Government to provide adequate infrastructure to boost inland water transport in the country.
Adedoyin, who is the managing director of Peacegate Group, a shipping and maritime support services company, made the call in an interview with newsmen in Lagos.
He said that the water transport business needed to be guided by the best practices in the industry.
“First of all, the channel needs to be cleared; waters need to be dredged.
“The right jetties need to be built and building this means that you need to make it accessible and people will have to be able to come in, find somewhere to sit, even in some cases, park and ride.
“You drive from your house to the place, park it, get on the boat; come back in the evening; you shorten your journey time; that is key.
“Also, they need to look at the search and rescue issue; it’s quite important.
“Even if there is an accident, there is quick response to saving lives; that is also very important.
“And the health and safety (measures) should be put in place so that people know what they need to do in case of an accident.”
Adedoyin said that the water transport business would always be a venture with huge potentials in Lagos especially in view of the large population in the state.
He said that inland water transport was capable of massively reducing the time people spent in traffic jams.
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Business
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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