Business
Sea Ports’ Rail Transport
Astakeholder in the maritime industry, Mr David Iffi has appealed to the Federal Government to revive all rail transport systems to the various sea ports for easy and quick movement of heavy goods and services in the ports.
Iffi made the appeal in an interview with journalists in Port Harcourt Wednesday.
According to him, the revival of train services at the sea ports cannot be over-emphasised because they facilitate the movement of heavy consignments or goods in bulk from the wharf to its state of destination in the country.
He said some loads that cannot be conveyed in a trailer would be easily transported by trains, adding that rail transport system also guarantees safety of goods, services and passengers as well.
The stakeholders also noted that revival of rail transport at the Ports would also cut down cost of transporting such consignments on the road, stressing that it is cheaper and affordable than other modes of transportation.
He said the government should reconsider the necessity of introducing rail transport system at the ports, so that it could create employment opportunities and boost the economy and transactions in the country.
Collins Barasimeye
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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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