Business
‘Nigeria Can Provide 50% Of Africa’s Seafarers By 2020’
The Director, Admin
istration and Personnel, Nigerian Maritime Administration and Safety Agency (NIMASA), Mr Felix Bobnabena, said Nigeria could provide 50 per cent of Africa’s requirement of seafarers by 2020.
Bobnabena told newsmen in Lagos that the maritime sector had immense potential that Nigerian youths could take advantage of, citing the nation’s 853 km coastline.
“We are looking at a population of about 170 (million), which constitutes teeming youths, who have a lot of potential within the context of the maritime sector.
“So, we believe that if we put these two things together – maritime potentials, our teeming youths and of course the hospitable nature of Nigerians as a people, they would be able to excel very much in the maritime profession.
“In fact, one of the major things which I have seen in the Philippines that they have done is that they have been able to blend these two.
“So you have the hospitality industry also growing alongside with the maritime (industry).
“When you have this character value in terms of hospitality and the technical aspect of it in terms of maritime skills and you blend these within the industry itself, you would find a situation whereby Nigerian maritime personnel would be in demand worldwide.“
He said that it was not a mistake that the National Seafarers Development Programme (NSDP) Department of NIMASA had chosen three universities in the Philippines to engage some Nigerian youths on seafarers’ training programme.
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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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