Business
FG Inaugurates Committee On National Carrier
The Permanent Secretary, Ministry of Aviation, Hajiya Binta Bello, has inaugurated a 12-member Ministerial Committee on the establishment of a National Carrier.
This is contained in a statement signed by the Assistant Director, Press and Public Affairs, Mr James Odaudu on Monday.
It quoted the permanent secretary as urging the committee to pursue the assignment with the sense of urgency it deserves.
The statement explained that the inauguration of the committee is in line with the presidential directive on establishing a national airline
“The establishment of a national carrier is not only justified by economic considerations, but also strategic national interest, national pride and job creation potential.”
She also urged the committee to work with the Assets Management Corporation of Nigeria (AMCON) on the debt profile of domestic airlines and make its recommendations.
The permanent secretary further charged the committee to review previous reports of consultants while examining the report on the defunct Nigeria Airways and other failed private airlines.
It advised that the committee to consult stakeholders in the aviation sector with a view to fashioning a national carrier based on the Public Private Partnership.
According to the statement, former Managing Director of Discovery Airlines, Capt. Mohammed Abdulsalam will serve as the Chairman, while the legal adviser of FAAN, Uche Isichei, will serve as secretary
Responding, the chairman of the Committee, Capt. Abdulsalam assured the permanent secretary that the committee will develop a robust model that will meet the aspirations of Nigerians.
The statement said the committee had four weeks within which to submit its report.
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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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